Cocoa Beach, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Cocoa Beach, Florida Market population: 11K. Compare commercial properties across all major asset classes...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For Cocoa Beach FL Properties: 1.2300%

📊 Average Income For Cocoa Beach FL Commercial Property: $54,419

Investor Questions For Cocoa Beach FL

Common questions from investors exploring commercial real estate in Cocoa Beach FL.

What's the overall investment potential of Cocoa Beach, FL? +

Cocoa Beach presents a stable investment market, with a median household income of $54,419, a relatively low poverty rate of 7.3%, and a high health insurance coverage rate of 92.1%, indicating a reliable tenant base. The top industries, including Accommodation & Food Services and Retail Trade, suggest a strong demand for rentals, especially with a high percentage of White and Hispanic populations. Additionally, the average commute time of 23.4 minutes and high rate of homeownership at 72.1% point to a desirable quality of life.

How does the local economy impact real estate investment in Cocoa Beach? +

The local economy in Cocoa Beach, driven by industries like Accommodation & Food Services, Retail Trade, and Healthcare & Social Assistance, contributes to a median property value of $283,400 and a median gross rent of $1,244. With an employed population of 5,517 and an unemployment rate of 3.4%, the economy supports a stable rental market. Furthermore, the GINI coefficient of 0.453 and a foreign-born rate of 6.2% suggest a diverse and relatively equitable economic environment.

What are the key factors influencing rental yields in Cocoa Beach? +

Rental yields in Cocoa Beach are influenced by factors such as the median property value of $283,400, median property taxes of $4,249, and the median gross rent of $1,244. The relatively low poverty rate of 7.3% and high health insurance coverage rate of 92.1% also contribute to a stable and reliable tenant base, which can positively impact rental yields. Moreover, the top commute methods, with 83.2% driving alone and 8.5% working from home, indicate a flexible and potentially remote workforce, which could affect rental demand.

How does the demographic makeup of Cocoa Beach affect market demand? +

The demographic makeup of Cocoa Beach, with a predominantly White population at 93.4% and a notable Hispanic presence at 4.5%, suggests a culturally diverse market. The median age of 56.1 and a high homeownership rate of 72.1% indicate a stable and potentially aging population, which could influence market demand for certain types of properties. Additionally, the average household income of $54,419 and the top industries, including Accommodation & Food Services and Retail Trade, point to a market with a strong demand for rentals and potentially tourism-related properties.

What quality of life factors should investors consider in Cocoa Beach? +

Investors should consider quality of life factors such as the average commute time of 23.4 minutes, which is relatively low, and the high health insurance coverage rate of 92.1%, indicating access to healthcare. The top commute methods, with a significant portion working from home, also suggest a flexible and potentially remote workforce. Furthermore, the high homeownership rate of 72.1% and the median property value of $283,400 point to a desirable and potentially stable living environment, which could attract long-term tenants and support property appreciation.

Cocoa Beach FL Real Estate & City Facts

Key facts and real estate information about Cocoa Beach FL.

What are some of the best neighborhoods to live in Cocoa Beach? +

Some of the best neighborhoods to live in Cocoa Beach include Snug Harbor, Cocoa Isles, and Cape Canaveral. These neighborhoods offer a mix of waterfront properties, charming inland homes, and a strong sense of community. For example, Cocoa Isles is a peaceful and friendly neighborhood with a quiet, beachside charm, while Snug Harbor features canal-facing homes and a balance of water access and relative privacy.

What are some fun things to do in Cocoa Beach? +

There are plenty of fun things to do in Cocoa Beach, including visiting the Cocoa Beach Pier, Lori Wilson Park, and the Florida Surf Museum. You can also take a surfing lesson, go on a kayak tour, or enjoy the view at a cool beach bar like Sandbar. Additionally, the area offers a range of recreational water activities, such as fishing and boating, in the Indian River and Atlantic Ocean.

What is the food scene like in Cocoa Beach? +

The food scene in Cocoa Beach is diverse and delicious, with a range of options to suit every taste. Some popular restaurants include Big Daddy J's, La Catrina Mexican Restaurant, and Florida Seafood Grill. You can also find fresh seafood, healthy eats, and fine dining options like Flavour Kitchen & Wine Bar and Pompano Grill. There are also plenty of great food trucks and casual eateries, like Coconuts at the end of Minuteman Causeway.

What are the pros and cons of living in Cocoa Beach? +

The pros of living in Cocoa Beach include its beautiful beaches, outdoor recreational opportunities, and a strong sense of community. However, some cons include the potential for hurricanes and coastal erosion, as well as a relatively high cost of living. Additionally, the area can be prone to traffic and crowds during peak tourist season. Overall, Cocoa Beach is a great place to live for those who value a relaxed, beachside lifestyle and are willing to take on the challenges that come with it.

Is Cocoa Beach a good place to live? +

Cocoa Beach is a great place to live for those who love the beach and a relaxed, small-town atmosphere. With its beautiful parks, recreational opportunities, and a range of dining and entertainment options, there's something for everyone in Cocoa Beach. While it may not be the best fit for everyone, particularly those who prefer a more urban or fast-paced lifestyle, it's definitely worth considering for those who value a laid-back, coastal lifestyle.

Cocoa Beach, FL Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For Cocoa Beach FL Properties: 1.2300%

📊 Average Income For Cocoa Beach FL Commercial Property: $54,419

Investor Questions For Cocoa Beach FL

Cocoa Beach FL Real Estate & City Facts

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