418 Adams Avenue Cape Canaveral, FL $ 3,550,000
418 Adams Avenue
$ 3,550,000
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418 Adams Avenue

Cape Canaveral, FL, 32920
$ 3,550,000
Baths0.0 Sq 6,864

Monthly Estimate*

$ 24,798

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Studio

Commercial Property for sale in Cape Canaveral, FL

for $3,550,000. This 6,864 square foot building was built in 1966 on a lot size of 0.29.

This boutique 9-unit apartment building, located a mere 1 1/2 blocks from the beach, offers an unparalleled opportunity for developers seeking the perfect value-add scenario. Nestled just a stone's throw away from the pristine shores of Cape Canaveral, the Blue Coast Apartments stand as a testament to coastal living at its finest. With a construction of concrete block, both in its inner-walls and structure, the Blue Coast Apartments exude durability and timeless charm. Residents here enjoy the comfort of central air conditioning, A+ walkability, ensuring that coastal living remains a breeze year-round. But what truly sets this property apart is the exclusive opportunity it presents for developers. With a vision to renovate and elevate, the Blue Coast Apartments invite those with foresight to bring these gems up to market value. Picture it - modern finishes, sleek amenities, and a fresh coastal aesthetic. As the sun dips below the horizon, the private courtyard becomes a tranquil haven for residents, offering a serene retreat amidst the vibrant beach community. The Blue Coast Apartments are more than just a building; they're a canvas for a developer's imagination. A canvas that, when brought to life, promises not only a sound investment but also a piece of Cape Canaveral's coastal dream. This is the chance to transform an already exceptional location into a true masterpiece of coastal living. Show by appointment only.

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Commercial Active

Price

$ 3,550,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 11,086

Style

Multi Family

Lot Size

0.29

Year Built

1966

Town/City

Cape Canaveral

County/Region

Brevard

MLS | Web ID

975082

Features
General
Sewer Public Sewer
Heating Central
Cooling Ceiling Fan(s) Central Air Central Building
Possession Close Of Escrow
Roof Rolled/Hot Mop
Security Features Firewall(s) Smoke Detector(s)
Construction Materials Concrete
Year Built 1966
Property SubType Multi Family
Tax Year 2022
Gross Income 199800.0
County Brevard
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Avon By The Sea
Status Active
Directions Located just 1 1/2 blocks from the beach Adams Ave. in Cape Canaveral
City Cape Canaveral
View Y/N N
Senior Community Y/N N
Total Units 9
MLS Area 271 - Cape Canaveral
Lot Size Square Feet 12632.4
Waterfront Y/N N
Street Name Adams
Land Lease Y/N N
Tax Annual Amount 11086.9
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor 271 - Cape Canaveral
Additional Parcels Y/N N
Lease Considered Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/spc/975082
Standard Status Active
Legal Description AVON BY THE SEA LOTS 13 14 BLK 4
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Interior
Flooring Terrazzo Tile
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 0
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Exterior
Water Source Public
Inclusions {u'Building & Land': True}
Lot Size Area 0.29
Spa N
Lot Size Acres 0.29
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 418
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* Excluded Features
List By
One Sotheby's International

Broker

james@jameskedmunds.com

Email

Affordability Calculator

$25,722
Per Month
96%
4%
0%
Monthly Principal & Interest
$24,798
Monthly Property Taxes
$924
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1363035 Elementary School
1362897 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/7/2024$3,550,000 -1.39% Price Down
9/13/2023$3,600,000 Listed Price

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418 Adams Avenue, Cape Canaveral, FL, 32920 is a Commercial Property for sale at $3,550,000 with 6,864 sqft and a lot size of 0.29. 418 Adams Avenue is a studio with 0.0 baths and was built in 1966. The property's zip code is 32920 which is in Cape Canaveral, FL