US 1 and Cottrell Avenue

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US 1 and Cottrell Avenue

Cocoa, FL 32927
Asking Price
$7.20M
Asset Type
Multifamily
Class
Class B

What's Special

Located at the intersection of US Highway 1 and Cottrell Avenue in Cocoa, Florida, this site offers high visibility along a major regional north-south transit corridor. The neighborhood features a mix of established residential pockets and commercial service centers. Residents have immediate access to local retail, grocery stores, and dining options centered around the nearby State Road 520 interchange. The property is positioned for efficient regional connectivity, providing direct routes to the Space Coast’s primary employment hubs and the recreational amenities of the Indian River waterfront. This location is suited for mid-scale multifamily development designed to serve the area’s growing workforce. Potential tenant profiles include professionals employed in the nearby aerospace and defense sectors, as well as local service industry workers seeking proximity to transportation arteries. The site’s zoning and configuration support various residential formats, ranging from garden-style apartments to modern workforce housing. Its placement along a commercial highway makes it an appropriate choice for residents prioritizing commuting convenience and accessibility to municipal services within the Cocoa submarket.

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NOI
$80,000
Cap Rate
1.11%
DSCR
0.19
Underwater
Cash-on-Cash
-16.09%
Monthly Payment
$35,621.672
Annual Cash Flow
$-347,460.059

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