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118 Oceans Circle
6131 Sabal Point Circle
2043 Atlantic Avenue 211
637 Orlando Avenue, COCOA BEACH, FL 32931
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637 Orlando Avenue
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  • MLS#: O6328381 ( Commercial Sale )
  • Street Address: 637 Orlando Avenue
  • Viewed: 120
  • Price: $3,545,000
  • Price sqft: $420
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 8441
  • Days On Market: 148
  • Additional Information
  • Geolocation: 28.307 / -80.6095
  • County: BREVARD
  • City: COCOA BEACH
  • Zipcode: 32931
  • Subdivision: Parsons Add
  • Provided by: MARGAUX REALTY INC
  • Contact: Adolfo Pereira IV
  • 407-965-8447
  • mfrmls
  • DMCA Notice
  • Description
    Listed $855,000 below appraised value. 9.93% cap rate. Owning a short term rental may offer access to tax strategies such as bonus depreciation and cost segregation. Bonus depreciation, which is currently available at 100% for qualifying property placed in service in 2025, May offer significant tax advantages. Speak with your tax advisor to explore how these options might benefit your investment.Listed below appraised value. The Drift is a fully renovated boutique short term rental complex located in the heart of Cocoa Beach, just a short walk to the surf and downtown. With 13 beautifully upgraded units, including both one bedroom and two bedroom options, The Drift offers a blend of modern amenities and coastal charm. This turnkey property is an ideal investment, offering strong cash flow potential and a highly desirable location. Selling with turn key ability: property management, revenue management, guest experience management, online travel agencies set up, direct booking website, google/apple business maps transferable, accounts/reviews transferable, returning guests, group booking contracts in place, central IT hub, City of Cocoa Beach and State of Florida licenses and qualified. Portfolio available: The Juni a 7 unit boutique motel a block away.. 402 S Orlando Ave Cocoa Beach FL.
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Property Location and Similar Properties
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Similar
Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
  2. Other
Country
  1. US
Covered Spaces
  1. 0.00
Flooring
  1. Luxury Vinyl
Garage Spaces
  1. 0.00
Heating
  1. Central
  2. Other
Insurance Expense
  1. 0.00
Legal Description
  1. PARSONS ADD TO COCOA BEACH LOTS 4
  2. 5
  3. 6 BLK 26 A
Living Area
  1. 8177.00
Area Major
  1. 32931 - Cocoa Beach
Net Operating Income
  1. 352000.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 25 3714-51-26.A-4
Possession
  1. Close Of Escrow
Property Condition
  1. Completed
Property Type
  1. Commercial Sale
Road Frontage Type
  1. City Street
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Township
  1. 25
Utilities
  1. Natural Gas Available
Views
  1. 120
Water Source
  1. Public
Year Built
  1. 1956
Zoning Code
  1. RM1
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