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Improved Property

Retail Ctr / 13 Ac - Near proposed AMTRAK

940 US Highway 1, Rockledge, Florida 32955

Sold: $2,135,000
$15.35 / SF
Updated Sep 30, 2026
Categories Office Retail

About this property

The properties are located on the East side of Highway U.S. # 1, North of Dixie Lane, approximately ½ mile South of SR 520/King Street.  Situated on a major artery in the well-established Rockledge/Cocoa area and North of the rapidly growing Viera/Suntree area.  Area of strong medical influence with Wuesthoff Medical Center one mile South.  Site is directly across from proposed AMTRAK station and prime for retro- fitting the block structures to transit-oriented development.

The structures include retail and office buildings: 908 Rockledge Blvd., a 31,185 ± sf retail strip center (1964 CB/Stucco/ BUTG roof); 940 Rockledge Blvd., a 103,532 ± sf big box retail mall (1965 CB/Stucco / Brick / Thermal Glass / BUTG & Metal roof); and 925 Florida Avenue, 5,260 ± sf of office space in two buildings (Frame / BUTG and Shingle roof / Built 1952 & 1982).  Retail occupancy is about 20% and office space is vacant.   Zoning allows a density up to 25 units per acre and heights up to 110 feet with certain architectural and site design guidelines.  Conceptual site plans / elevations in file for two multi-family projects:  One with 369 residential units and 50,000 sf of retail/office and the second with 156 residential units and 23,000 sf of commercial use.

Property details

Property Type
Improved property
Building Type
Freestanding
Building Size
139,087 sqft
Land Size
13.22 acres
Sewer
City of Rockledge
Water
City of Cocoa
Zoning
RMU- Redevelopment Mixed Use
Electric
Florida Power and Light
Year Built
1964
Roof
BUTG / Metal / Shingle (Ofc)
Re Tax
$45,000
Parking
9 Acres
Construction
Retail/CB / Office/Frame
Traffic Count
32,800 ADT
Us 1 Frontage
540 Feet

Location

Address
940 US Highway 1
Rockledge, Florida 32955
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.