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Addie Owens

realtoraddie@gmail.com +1(352) 223-0053

$ 4,300,000

Est. payment -/mo

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Price Dropped by $100K

637 S ORLANDO AVE Cocoa Beach, FL 32931

8,177 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,177 sqft

Price per Sqft $525

Subdivision Parsons Add

MLS Listing ID O6328381

Construction Status Completed

HOA Y/N No

Year Built 1956

Annual Tax Amount $24,078

Lot Size 0.490 Acres

Acres 0.49

Property Sub-Type Multi Family

Source Stellar MLS

New Construction false

Property Description

The Drift is a fully renovated boutique hotel 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: property management, revenue management, guest experience management, online travel agencies set up, direct booking website, google/apple business maps transferable, accounts/reviews transferable, returning guests, group booking contracts in place, central IT hub, City of Cocoa Beach and State of Florida licenses and qualified. Portfolio available: “The Juni” a 7 unit boutique motel a block away, listed at a 8% cap rate. 402 S Orlando Ave Cocoa Beach FL.

Location

State FL

County Brevard

Community Parsons Add

Area 32931 - Cocoa Beach

Zoning RM1

Interior

Heating Central, Other

Cooling Central Air, Other

Flooring Luxury Vinyl

Exterior

Utilities Available Natural Gas Available

View Y/N Yes

Water Access Yes

Water Access Desc Beach

Roof Type Shingle

Building

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block,Cement Siding,Stucco,Frame

New Construction false

Construction Status Completed

Others

Ownership Fee Simple

Special Listing Condition None

Listed by MARGAUX REALTY INC

Addie Owens

CEO, Principle Broker, Instructor | BKBK3138121

+1(352) 223-0053

Addie Owens

637 S ORLANDO AVE Cocoa Beach, FL 32931

Key Details

Location

Interior

Exterior

Building

Others

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637 S ORLANDO AVE