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Banana River Resort 3590 S Atlantic Ave 10 Room Hotel Cocoa Beach, FL 32931 For Sale
Investment Highlights
- Proven Short Term Rental Income
- Direct access to both Banana River & Atlantic Ocean
- Cocoa Beach Market Demand - rising property values & hight tourist interest.
Executive Summary
Turnkey Riverfront Vacation Rental Investment in Cocoa Beach 3590-3598 S. Atlantic Avenue, Cocoa Beach FL 32931 - Ready for immediate income generation.
Rare investment opportunity in the heart of Cocoa Beach. This fully renovated, 10-unit riverfront vacation rental property offers unparalleled access to both the Banana River and the Atlantic Ocean. Prime Location & Exceptional Features Include: 100 feet of private waterfront frontage, directly across the street from beach access, on-site amenities (private sandy beach, boat ramp, dock, kayak launch & spacious patio), ample parking, exposure to daily traffic count of 18k+ vehicles. Turnkey Investment Highlights include: Proven Short-Term Rental Income with strong demand. Appraised higher than ask price using direct capitalization. The area continues to experience rising property values and high tourist interest. While expansion is limited under current zoning(RU-2-15), the property remains grandfathered in for short term rentals. Alternative options include rezoning for higher density such as (RU-2-20) or conversion into multi family residential or professional office space, subject to county approval. This one-of-a-kind riverfront vacation rental offers stable income potential, unmatched location benefits, and long-term value appreciation.
For inquiries and to schedule a private tour, contact us today.
Rare investment opportunity in the heart of Cocoa Beach. This fully renovated, 10-unit riverfront vacation rental property offers unparalleled access to both the Banana River and the Atlantic Ocean. Prime Location & Exceptional Features Include: 100 feet of private waterfront frontage, directly across the street from beach access, on-site amenities (private sandy beach, boat ramp, dock, kayak launch & spacious patio), ample parking, exposure to daily traffic count of 18k+ vehicles. Turnkey Investment Highlights include: Proven Short-Term Rental Income with strong demand. Appraised higher than ask price using direct capitalization. The area continues to experience rising property values and high tourist interest. While expansion is limited under current zoning(RU-2-15), the property remains grandfathered in for short term rentals. Alternative options include rezoning for higher density such as (RU-2-20) or conversion into multi family residential or professional office space, subject to county approval. This one-of-a-kind riverfront vacation rental offers stable income potential, unmatched location benefits, and long-term value appreciation.
For inquiries and to schedule a private tour, contact us today.
Property Facts
| Sale Type | Investment | No. Rooms | 10 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1954/2021 |
| Building Class | B | Parking Ratio | 3.17/1,000 SF |
| Lot Size | 0.73 AC | Corridor | Exterior |
| Building Size | 7,569 SF | ||
| Zoning | RU215 | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.73 AC |
| Building Size | 7,569 SF |
| No. Rooms | 10 |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2021 |
| Parking Ratio | 3.17/1,000 SF |
| Corridor | Exterior |
| Zoning | RU215 |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 10 | $476.00 | - |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 25-37-35-25-00003.0-0001.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,513,550 |
Property Taxes
Parcel Number
25-37-35-25-00003.0-0001.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,513,550
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Banana River Resort | 3590 S Atlantic Ave
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