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1501-1503 Lake Dr 9,450 SF 89% Leased Industrial Building Cocoa, FL 32922 $1,200,000 ($126.98/SF)
Investment Highlights
- Multi-tenant small-bay industrial complex featuring nine warehouse units and one office unit, adaptable for various uses such as contractor services,
- Recently painted exterior with paved front and rear parking areas, providing practical functionality and ease for tenants and customers.
- Positioned on 1.1 acres with dual entrances from Lake Drive, enhancing traffic flow and property accessibility.
- Convenient access to State Road 520, offering seamless connectivity to Orlando, Merritt Island, and Cocoa’s beachside communities.
- Includes three grade-level drive-in bays and roll-up door access for efficient loading and unloading operations.
- Located within a federally designated Opportunity Zone, offering potential tax advantages for eligible investors.
Executive Summary
Lake Drive Industrial Complex is a multi-tenant small-bay industrial property located at 1501-1503 Lake Drive in Cocoa, Florida. The property consists of approximately 9,450 SF with 9 warehouse units and 1 office unit. Most warehouse units are approximately 1,000 SF and include roll-up door access, supporting a variety of warehouse, service, contractor, automotive, and storage users.
The property is positioned near State Road 520, providing convenient access toward Orlando, Cocoa, Merritt Island, and nearby beachside communities. The complex features two entrances off Lake Drive, front and rear parking, and recently painted buildings with a paved parking lot. Please contact listing broker for additional property details, rent roll, financial information, and showing instructions.
The property is positioned near State Road 520, providing convenient access toward Orlando, Cocoa, Merritt Island, and nearby beachside communities. The complex features two entrances off Lake Drive, front and rear parking, and recently painted buildings with a paved parking lot. Please contact listing broker for additional property details, rent roll, financial information, and showing instructions.
Property Facts
| Price | $1,200,000 | Rentable Building Area | 9,450 SF |
| Price Per SF | $126.98 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1975 |
| Property Type | Industrial | Parking Ratio | 8.5/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 3 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 1.10 AC | ||
| Zoning | BU-2 | ||
| Price | $1,200,000 |
| Price Per SF | $126.98 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.10 AC |
| Rentable Building Area | 9,450 SF |
| No. Stories | 1 |
| Year Built | 1975 |
| Parking Ratio | 8.5/1,000 SF |
| No. Drive In / Grade-Level Doors | 3 |
| Opportunity Zone |
Yes |
| Zoning | BU-2 |
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl - 7
- 1,000 SF
- Industrial
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl - 7 | 1,000 SF | Industrial | - | Now |
1st Fl - 7
| Size |
| 1,000 SF |
| Space Use |
| Industrial |
| Build-Out |
| - |
| Available |
| Now |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 24-36-32-00-00264.0-0000.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $395,780 |
Property Taxes
Parcel Number
24-36-32-00-00264.0-0000.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$395,780
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1501-1503 Lake Dr