280 Clearlake Rd, Cocoa, FL 32922

The 280 Building is located at 280-294 Clearlake Road in unincorporated Cocoa, Florida. The property is a 9,064 square foot commercial property that consists of retail, office, and flex spaces which sits on 1.11 acres of land. The property is currently configured with 6 bays, one consisting of 3,399 square feet with 5 drive-ins (2 on the north side of the building and 3 on the east side or back of the building), three spaces consisting of 1,133 square feet with one drive-in on the east side of the building, and two spaces consisting of 1,133 square feet with back exit doors and no drive-ins.

The property is 87% leased (one vacancy of 1,133 square feet) at below market rents with leases either month to month or expiring in 2026. The property has plenty of parking, monument signage along Clearlake Road, below market rents, and has been recently renovated in 2022. In addition, there is upwards of 40% of the property that is available and approved for additional building(s) to be constructed or lot paved for boat and RV storage.

Priced at below replacement cost, this property is an amazing opportunity for an investor to purchase the building and raise rents as leases expire as well as an owner user to not only occupy day 1, but also to expand footprint as other tenant’s leases expire in the future. Please call 954-655-8159 or email ryanb@fenixrealtygrp.com to discuss this investment further.