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🏢 Just listed — Residential Land for sale in Cocoa, FL.

📍 3900 Lake Drive, Cocoa, FL
🏷  Residential Land · For Sale
💰 $3.70M

14 Total Acres · 6 Upland Acres · Near I-95 & Space Coast Aerospace Corridor

<ul><li><strong>Primary — 144-Unit Multifamily:</strong><span style="color: rgba(42, 74, 104, 1)"> workforce and market-rate rental community serving the Space Coast’s growing high-income renter base. 

Full financials, photos, and broker contact:
https://commrty.com/property/florida/cocoa/multifamily-hotel-commercial-site-qoz-2550333-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=multifamily-hotel-commercial-site-qoz-2550333

#Cocoa #Land #CommercialRealEstate #CRE #Investment

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Home/FL/Cocoa

3900 Lake Drive

Cocoa, FL 32926

Asking Price

$3.70M

Asset Type

Residential Land

Class

Class B

What's Special

14 Total Acres · 6 Upland Acres · Near I-95 & Space Coast Aerospace Corridor <ul><li>Primary — 144-Unit Multifamily: workforce and market-rate rental community serving the Space Coast’s growing high-income renter base. Land basis of ~$25,694 per identified unit.</li><li>Hotel / Hospitality: 120–130 key limited-service or extended-stay hotel serving aerospace contractors, NASA personnel, and Port Canaveral traffic. I-95 visibility supports flag pl

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

2.16%

DSCR

0.36

Underwater

Cash-on-Cash

-12.58%

Monthly Payment

$18,305.581

Annual Cash Flow

$-139,666.975

Location & Travel Times

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