Last Updated: 2/25/2017 5:41 AM
Description for 1503 E Lake Drive Cocoa, FL 32922
Investment property with excellent ROI/RR. Divided into nine 1,000 Square Foot Warehouse/shop/Multi-use Units and a 360 Square Foot office unit. Currently rented at $500/month per 1000 Square Foot unit and office at @200/month for an annual income of $56,400. Good Location between RT 520 (King St) and RT 501 (Clearlake Rd) FULLY OCCUPIED! Cap Rate 12%+. Good visibility with 6,000 vehicles per day traffic count.
Municipality, Public Water Service
220v Service, Three Phase Available, Cable TV, Onsite Metered, Telephone
Exterior / Lot Features
Extra Storage, Overhead Doors, In County
Current market conditions for 1503 E Lake Drive
Active Market Trends
Median list price$159,350
Days on market89
Properties for sale366
Sold Market Trends
Median sold price$145,500
Sales to list price9,635.0%
Median sq ft price$99
Arrows indicate 90 day trend
Listing Price History for 1503 E Lake Drive
Cocoa Real Estate
Cocoa is located in Florida. Cocoa, Florida 32922 has a population of 17,254.
The median household income in Cocoa, Florida 32922 is $32,979. The median household income for the surrounding county is $49,099 compared to the national median of $53,046. The median age of people living in Cocoa 32922 is 40.1 years.
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