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1122 Lake Dr 5,323 SF 100% Leased Retail Building Cocoa, FL 32922 $675,000 ($126.81/SF) 12.33% Cap Rate
Investment Highlights
- Located in the heart of Cocoa, Florida, the Property benefits from its position within one of Florida's fastest-growing regions.
- Positioned along Lake Drive with approximately 74 feet of frontage and convenient access to major thoroughfares including King Street and Fiske Blvd
- The Property consists of approximately 5,300+ square feet of retail and professional office space configured across eight suites within 2 buildings
- Recent market data indicates average retail rental rates in the area exceed many of the Property's in-place lease rates
Executive Summary
We are pleased to present 1122 Lake Drive, a mixed-use retail and office investment opportunity strategically located in Cocoa, Florida. This neighborhood shopping
center consists of eight units (A–H) spread across two buildings, offering a diverse mix of retail and professional office tenants that create multiple income streams
and broad market appeal. Positioned along a major thoroughfare with strong daily traffic counts, the property benefits from excellent visibility, on-site parking, and
convenient access for customers and employees alike. Located in a growing market supported by continued economic development and population growth, 1122 Lake
Drive offers investors a compelling combination of current cash flow, tenant demand, and future upside potential. Whether pursued as a long-term hold or
value-add investment, the property presents an attractive chance to acquire a well located commercial asset with strong fundamentals and room for continued growth.
center consists of eight units (A–H) spread across two buildings, offering a diverse mix of retail and professional office tenants that create multiple income streams
and broad market appeal. Positioned along a major thoroughfare with strong daily traffic counts, the property benefits from excellent visibility, on-site parking, and
convenient access for customers and employees alike. Located in a growing market supported by continued economic development and population growth, 1122 Lake
Drive offers investors a compelling combination of current cash flow, tenant demand, and future upside potential. Whether pursued as a long-term hold or
value-add investment, the property presents an attractive chance to acquire a well located commercial asset with strong fundamentals and room for continued growth.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,323 SF
Year Built/Renovated
1960/1990
Price
$675,000
Price Per SF
$126.81
Cap Rate
12.33%
NOI
$83,252
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.58
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
CW - CW
Parking
15 Spaces (2.82 Spaces per 1,000 SF Leased)
Frontage
74’ on Lake Dr
Amenities
- 24 Hour Access
- Accent Lighting
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Love is Life
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Jan 0000
- Regina Maria Ellis
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- -
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Jan 0000
- Takirria Jones
- -
- -
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Jan 0000
- Timothy Cole
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Love is Life | - | - | - | Lorem Ipsum | Jan 0000 | |
| Regina Maria Ellis | - | - | - | Lorem Ipsum | Jan 0000 | |
| Takirria Jones | - | - | - | Lorem Ipsum | Jan 0000 | |
| Timothy Cole | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-36-32-03-00000.0-0015.01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $524,990 |
Property Taxes
Parcel Number
24-36-32-03-00000.0-0015.01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$524,990
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