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585 W King St - 581 W KING ST COCOA FL 32922 1.22 Acres of Commercial Land Offered at $1,399,000 in Cocoa, FL 32922
Investment Highlights
- 1.22-acre site spanning five connected parcels with 330 feet of frontage on SR 520.
- Convenient access from three streets for efficient traffic flow and site planning flexibility.
- Located in an Opportunity Zone, offering potential investor tax benefits for qualifying projects.
- Zoned Mixed-Use Commercial with potential for additional mixed-use redevelopment allowances.
- Positioned west of US-1 and close to Cocoa Village, major retail, and business activity centers.
- Exposure to approximately 30,000 vehicles daily for superior business visibility.
Executive Summary
Outstanding opportunity to acquire a 1.22-acre commercial land package prominently positioned along State Road 520 in Cocoa, FL. This assemblage spans five parcels with approximately 330 feet of frontage, offering exceptional visibility and high exposure to daily traffic counts of around 30,000 vehicles. Zoned Mixed-Use Commercial, this site provides immense flexibility for redevelopment into retail, office, medical, or other permissible uses. City confirmation indicates potential for re-zoning within mixed-use categories, creating a versatile canvas for developers and investors.
The property offers access from three streets, facilitating convenient ingress and egress. Located just west of the US-1 intersection and minutes from Historic Cocoa Village, the site benefits from proximity to a vibrant commercial corridor, nearby residential neighborhoods, and core regional transportation routes. Positioned within an Opportunity Zone, buyers may also leverage notable tax incentives to enhance long-term investment returns.
This premier location, combined with adaptable zoning and strategic placement in an evolving growth market, creates an exceptional platform for retail operators, service providers, or developers seeking a value-added project in the Space Coast region.
The property offers access from three streets, facilitating convenient ingress and egress. Located just west of the US-1 intersection and minutes from Historic Cocoa Village, the site benefits from proximity to a vibrant commercial corridor, nearby residential neighborhoods, and core regional transportation routes. Positioned within an Opportunity Zone, buyers may also leverage notable tax incentives to enhance long-term investment returns.
This premier location, combined with adaptable zoning and strategic placement in an evolving growth market, creates an exceptional platform for retail operators, service providers, or developers seeking a value-added project in the Space Coast region.
Property Facts
| Price | $1,399,000 | Proposed Use | Commercial |
| Sale Type | Investment | Total Lot Size | 1.22 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | Commercial - Mixed-Use Commercial | ||
| Price | $1,399,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.22 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | Commercial - Mixed-Use Commercial |
1 Lot Available
Lot
| Price | $1,399,000 | Lot Size | 1.22 AC |
| Price Per AC | $1,146,721.31 |
| Price | $1,399,000 |
| Price Per AC | $1,146,721.31 |
| Lot Size | 1.22 AC |
1.22-acre, 5-parcel corner site with 330 ft frontage on SR 520, mixed-use commercial zoning, triple-street access, near US-1 and Cocoa Village.
Description
The property consists of five parcels totaling 1.22 acres on State Road 520 in Cocoa, Florida, with about 330 feet of frontage. It is zoned Mixed-Use Commercial and allows potential rezoning within similar use categories. Access is available from three surrounding streets. The site is situated west of the US-1 intersection, near downtown Cocoa Village, and is located within an Opportunity Zone.
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $183,400 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$183,400
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585 W King St - 581 W KING ST COCOA FL 32922