Retail Ctr / 13 Ac - Near proposed AMTRAK

  SOLD February 2015 for $2,135,000

940 US Highway 1, Rockledge, Florida 32955


Building Size139,087 Square Feet
Land Size13.22 Acres
ZoningRMU- Redevelopment Mixed Use
ElectricFlorida Power and Light
Year Built1964
ConstructionRetail/CB / Office/Frame
RoofBUTG / Metal / Shingle (Ofc)
SewerCity of Rockledge
Parking9 Acres
WaterCity of Cocoa
RE Tax$45,000
Traffic Count32,800 ADT
US 1 Frontage540 Feet

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.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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