3590 S Atlantic Ave
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3590 S Atlantic Ave
10 Unit Block of Flats £3,912,250 (£391,225/Unit) Cocoa Beach, FL 32931
Executive Summary
Lightle Beckner Robison is pleased to offer for sale The Banana River Resort located on Florida's Banana River that connects to Florida’s intercostal and across the street from the Atlantic Ocean.
This ten-unit riverfront resort recently underwent over $2M in capital improvements in 2021. The property is currently being operated as a short-term vacation rental comprised of one 2-story building containing (7) units, and a 2,208 Square foot triplex.
The building has been priced at an estimated 8% return based on current income.
Palm Bay, Melbourne, and Titusville were ranked by the Milken Institute as the second fastest growing small cities in the United States. SpaceX, Blue Origin, and NASA all hold facilities within 10 Minutes of the property. Port Canaveral is situated only three miles north, and was ranked as the second busiest Multi-day cruise embarkation in the world.
The opportunities are endless for annual rental, short-term rental, rental transient, venue events, weddings, reunions, retreats, and corporate functions.
Just 50 Miles from Orlando International Airport, 15 Miles from Melbourne International Airport, and 25 Miles from Space Coast Regional Airport.
Come invest in a slice of Florida’s Space Coast while enjoying your private beach that awaits.
This ten-unit riverfront resort recently underwent over $2M in capital improvements in 2021. The property is currently being operated as a short-term vacation rental comprised of one 2-story building containing (7) units, and a 2,208 Square foot triplex.
The building has been priced at an estimated 8% return based on current income.
Palm Bay, Melbourne, and Titusville were ranked by the Milken Institute as the second fastest growing small cities in the United States. SpaceX, Blue Origin, and NASA all hold facilities within 10 Minutes of the property. Port Canaveral is situated only three miles north, and was ranked as the second busiest Multi-day cruise embarkation in the world.
The opportunities are endless for annual rental, short-term rental, rental transient, venue events, weddings, reunions, retreats, and corporate functions.
Just 50 Miles from Orlando International Airport, 15 Miles from Melbourne International Airport, and 25 Miles from Space Coast Regional Airport.
Come invest in a slice of Florida’s Space Coast while enjoying your private beach that awaits.
Property Facts
| Price | £3,912,250 | Building Class | C |
| Price Per Unit | £391,225 | Lot Size | 0.73 AC |
| Sale Type | Investment | Building Size | 7,224 SF |
| No. Units | 10 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1954/2022 |
| Property Subtype | Apartment | Parking Ratio | 2.08/1,000 SF |
| Price | £3,912,250 |
| Price Per Unit | £391,225 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 7,224 SF |
| Number of Floors | 2 |
| Year Built/Renovated | 1954/2022 |
| Parking Ratio | 2.08/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 25-37-35-25-00003.0-0001.00 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £1,115,461 |
PROPERTY TAXES
Parcel Number
25-37-35-25-00003.0-0001.00
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,115,461
zoning
| Zoning Code | RU215 |
| RU215 |
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3590 S Atlantic Ave
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