16
Map
1740 Highway A1a
About This Property
Zoned commercial with up to 70% maximum impervious coverage, this site allows for a variety of development opportunities. Mixed-use projects are permitted, including multifamily, provided a commercial component is incorporated. The current owner previously had conceptual plans in place, creating a clear path for a developer looking to move forward.
Excellent visibility, strong traffic counts, and surrounded by established residential neighborhoods, beach access points, dining, and retail. Conveniently located just 10 minutes to Melbourne Orlando International Airport, 50 minutes to Orlando International Airport, and 15 minutes to Cape Canaveral.
Well-positioned commercial site with flexibility, ocean-view potential, and long-term upside.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 8, 2026 | Price Decreased |
$1,195,000
↓ $100K
(7.7%) | |
| Price Decreased | |||
| Feb 16, 2026 | Listed by One Sotheby's International | $1,295,000 | |
| Listed by One Sotheby's International | |||
| Jul 7, 2022 | Sold | ||
| Sold | |||
| Feb 23, 2022 | Listed by Brevard County Realty LLC | $500,000 | |
| Listed by Brevard County Realty LLC | |||
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.52 acre vacant lot can be purchased separately or with adjoining .83 acre lot with building with 2 rental units. Great location on the west side of A1A across from the ocean. High traffic/tourist area.
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Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 1069499
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