1122 Lake Drive Cocoa, FL, 32922 Units A-H
Mixed Use | 5,384 SqFt
Marketing description
We are pleased to present 1122 Lake Drive, a mixed-use retail and office investment opportunity strategically located in Cocoa, Florida. This neighborhood shopping center consists of eight units (A-H) spread across two buildings, offering a diverse mix of retail and professional office tenants that create multiple income streams and broad market appeal. Positioned along a major thoroughfare with strong daily traffic counts, the property benefits from excellent visibility, on-site parking, and convenient access for customers and employees alike. Located in a growing market supported by continued economic development and population growth, 1122 Lake Drive offers investors a compelling combination of current cash flow, tenant demand, and future upside potential. Whether pursued as a long-term hold or value-add investment, the property presents an attractive chance to acquire a well-located commercial asset with strong fundamentals and room for continued growth.
Investment highlights
- Strategic Space Coast Location - Located in the heart of Cocoa, Florida, the Property benefits from its position within one of Florida's fastest-growing regions. The Space Coast continues to attract new residents, businesses, and investment capital due to its expanding aerospace, technology, and logistics sectors, supporting long-term tenant demand and property appreciation.
- Multi-Tenant Retail & Office Asset - The Property consists of approximately 5,300+ square feet of retail and professional office space configured across eight suites (A-H) within two buildings. The diverse tenant mix reduces reliance on any single occupant while providing investors with multiple income streams and enhanced operational flexibility.
- Strong Visibility & Accessibility - Positioned along Lake Drive with approximately 74 feet of frontage and convenient access to major thoroughfares including King Street and Fiske Boulevard,
- Significant Upside Through Rental Growth - Recent market data indicates average retail rental rates in the area exceed many of the Property's in-place lease rates, as well as the opportunity to convert leases to NNN
- Attractive Basis Relative to Replacement Cost - At an asking price of $675,000, investors have the opportunity to acquire a stabilized commercial asset at a basis that remains difficult to replicate through new construction given today's land, labor, and material costs.
- Favorable Demographic Trends - Within a three-mile radius, the Property serves a population exceeding 47,000 residents and nearly 20,000 households. Population growth is projected to exceed 7% through 2030, creating an expanding customer base for existing and future tenants.
- Strong Employment Base - More than 25,000 daytime employees are located within three miles of the Property, providing consistent support for local businesses and reinforcing long-term retail and office demand.
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