637 Orlando Avenue, COCOA BEACH, FL 32931
- MLS#: O6328381 ( Commercial Sale )
- Street Address: 637 Orlando Avenue
- Viewed: 7
- Price: $4,400,000
- Price sqft: $521
- Waterfront: No
- Year Built: 1956
- Bldg sqft: 8441
- Days On Market: 18
- 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
- DMCA Notice
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DescriptionThe Drift is a fully renovated boutique hotel 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, listed at a 8% cap rate. 402 S Orlando Ave Cocoa Beach FL.
Property Location and Similar Properties
Features
Building and Construction
- Covered Spaces: 0.00
- Flooring: Luxury Vinyl
- Living Area: 8177.00
- Roof: Shingle
Property Information
- Property Condition: Completed
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air, Other
- Heating: Central, Other
- Road Frontage Type: City Street
- Sewer: Public Sewer
- Utilities: Natural Gas Available
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 352000.00
- Other Expense: 0.00
- Tax Year: 2024
Other Features
- Country: US
- Legal Description: PARSONS ADD TO COCOA BEACH LOTS 4, 5, 6 BLK 26 A
- Area Major: 32931 - Cocoa Beach
- Parcel Number: 25 3714-51-26.A-4
- Possession: Close Of Escrow
- Zoning Code: RM1
Payment Calculator
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- Property Tax $
- Home Insurance $
- HOA Fees $
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