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637 S ORLANDO AVENUE, COCOA BEACH, FL 32931
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$3,545,000
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Home Details for 637 S ORLANDO AVENUE
Price
$3,545,000
Type
Commercial/Industrial
Year Build
1956
Sq. Ft.
8177
Lot Size
0.49
County
Brevard
Tax
$24,078.47
MLS®️ Listing#
O6328381
On exitrealty.com
125 days
Property Description
Listed $855,000 below appraised value. 9.93% cap rate. Owning a short-term rental may offer access to tax strategies such as bonus depreciation and cost segregation. Bonus depreciation, which is currently available at 100% for qualifying property placed in service in 2025, May offer significant tax advantages. Speak with your tax advisor to explore how these options might benefit your investment. Listed below appraised value. The Drift is a fully renovated boutique short term rental complex 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.. 402 S Orlando Ave Cocoa Beach FL.
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- Cooling Information
- Central Air
- Other
- Heating Information
- Central
- Other
- Waterfront and Water Access
- Beach Access
- Water Features
- Public
- Utilities
- Natural Gas Available
Listing Courtesy: MARGAUX REALTY INC - 407-965-8447
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2025 MLS GRID. All Rights Reserved.
Last Updated: 2025-11-10 11:31:33
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$3,545,000
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EXIT REAL ESTATE PROPERTY SOLUTIONS
431 Canal St. Ste B, New Smyrna Beach, FL 32168