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637 S Orlando Avenue Cocoa Beach, FL $ 3,545,000
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$ 3,545,000 Get more info
637 S Orlando Avenue
$ 3,545,000
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Share Save

637 S Orlando Avenue

Cocoa Beach, FL, 32931
$ 3,545,000
Bedrooms-- Baths13.0 Sq 8,177

Monthly Estimate*

$ 22,116

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View a Virtual Tour

Commercial Property for sale in Cocoa Beach, FL

for $3,545,000 with 13 full baths. This 8,177 square foot building was built in 1956 on a lot size of 0.49.

Listed $855,000 below appraised value. 9.93% cap rate. Owning a short-term rental may offer access to tax strategies such as bonus depreciation and cost segregation. Bonus depreciation, which is currently available at 100% for qualifying property placed in service in 2025, May offer significant tax advantages. Speak with your tax advisor to explore how these options might benefit your investment. Listed below appraised value. The Drift is a fully renovated boutique short term rental complex located in the heart of Cocoa Beach, just a short walk to the surf and downtown. With 13 beautifully upgraded units, including both one-bedroom and two-bedroom options, The Drift offers a blend of modern amenities and coastal charm. This turnkey property is an ideal investment, offering strong cash flow potential and a highly desirable location. Selling with turn key ability.

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Commercial Active

Price

$ 3,545,000

Full Bath

13

Property Type

Commercial

Taxes

$ 22,170

Style

Multi Family

Lot Size

0.49

Year Built

1956

Town/City

Cocoa Beach

County/Region

Brevard

MLS | Web ID

1051839
Features
General
Living Area 8177.0
Sewer Public Sewer
Heating Central Other
Cooling Ceiling Fan(s) Central Air Multi Units Other
Utilities Cable Available Electricity Connected Natural Gas Available
Possession Close Of Escrow
Roof Shingle
Construction Materials Block Concrete Stucco Composition Siding
Year Built 1956
Property Subtype Multi Family
Tax Year 2023
Current Use Hotel/Motel Multi-Family
Building Name The Drift
County Brevard
Net Operating Income 352000.0
Property Type Commercial Sale
HOA N
Attached Garage N
Subdivision Name Parsons Add To Cocoa Beach
Building Features Fenced Laundry Outside Storage
Status Active
Directions Head South from Ron Jon Surf Shop for 3.6 miles property will be on your left.
City Cocoa Beach
Senior Community Y/N N
Number Of Units Total 13
MLS Area 272 - Cocoa Beach
Lot Size Units Acres
Lot Size Square Feet 21344.4
Land Lease Y/N N
Tax Annual Amount 22170.5
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor 272 - Cocoa Beach
Additional Parcels Y/N N
Lease Considered Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/spc/1051839
Standard Status Active
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Interior
Flooring Vinyl
Total Stories 3
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 13
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Exterior
Parking Features Assigned Parking Lot
Lot Features Other
Water Source Public
Inclusions Furniture Fixtures and Equipment Business with Real Estate Building & Land
Lot Size Area 0.49
Spa N
Lot Size Acres 0.49
Waterfront Y/N N
Road Frontage Type City Street
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 637
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* Excluded Features
List By
Margaux Realty, Inc

Broker

karla@margauxrealtyinc.com

Email

Affordability Calculator

$23,964
Per Month
92%
8%
0%
Monthly Principal & Interest
$22,116
Monthly Property Taxes
$1,848
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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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Nearby
1363035 Elementary School
1362897 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/10/2025$3,545,000 -1.39% Price Down
11/4/2025$3,595,000 -2.18% Price Down
10/27/2025$3,675,000 -3.29% Price Down
10/20/2025$3,800,000 -3.80% Price Down
10/6/2025$3,950,000 -4.82% Price Down
9/19/2025$4,150,000 -1.19% Price Down
9/8/2025$4,200,000 -2.33% Price Down
8/25/2025$4,300,000 -2.27% Price Down
7/16/2025$4,400,000 Listed Price

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637 S Orlando Avenue, Cocoa Beach, FL, 32931 is a Commercial Property for sale at $3,545,000 with 8,177 sqft and a lot size of 0.49. 637 S Orlando Avenue has 13.0 baths and was built in 1956. The property's zip code is 32931 which is in Cocoa Beach, FL

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