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637 S ORLANDO AVENUE

Commercial For Sale
$3,545,000

BTC: 118.16666667

ETH: 1,772.50000000

-$855K (2025/11/10)
139 days
0 room(s)
8,177 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

Florida • COCOA BEACH • 32931 • Commercial • For Sale

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1956
Lot:
0.49 Acres
Heating:
Central / Other
Price/sqft:
$434
Cooling:
Central Air / Other
HOA:
No Data
All facts and features

  • Flooring

    • Luxury Vinyl

    Heating

    • Central

    • Other

    Cooling

    • Central Air

    • Other

  • Lot

    • Lot: 0.49 Acres

    Other Property Information

    • Parcel Number: 25 37145126.A4

    • Zoning: RM1

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Utility

    • Natural Gas Available

  • Other financial information

    • Annual tax amount: $24,078

  • Source details

    • MLS ID: O6328381

    Other facts

    • Construction Materials: Block / Cement Siding / Stucco / Wood Frame

    • Foundation Details: Slab

    • Water Body Name: COCOA BEACH

    • Living Area: 8177

    • Water Source: Public

    • Subdivision Name: PARSONS ADD

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: MARGAUX REALTY INC