Titusville 1220 South Washington Avenue US 1

The property consists of a 2,009+-sq ft concrete building on .53+- acres with direct access from Highway US 1 and South Washington Avenue. The property was renovated in 1962 as a gas station and further renovated to its current state. In approximately 2016-2017 a new roof was placed on the building by the current owners. In approximately 2016-20177- 7-Eleven acquired a portfolio of several gas and convenience operations to include an existing lease on the building which they ran as a gas and convenience store for several years. The building is currently vacant. The current lease with 7-Eleven expires in August 31 2024. However, 7-Eleven continues to maintain the building . All gas pumps have been removed from the property and all remediation has been approved and completed. They also renovated the bathrooms to ADA standards.

The building is zoned “Down Town Mix Use and “Mid Town” which is a very liberal zoning which allows most commercial usages to include work-live, multi family, duplex, triplex, and quad-plex at a density of 30 units per acre and a height restriction of 5 stories. Also as noted in the “Offering Summary, the property is located in and a part of the Titusville CRA-Commercial Re-Development Agency.

This designation allows and provides for possible financial development grants for future development and re-development.

Showing Instructions:
All buyers must show proof of funds before a showing is scheduled. Once proof of funds is received it takes 3-5 days to schedule a showing for the property.

Please click the video link to view the property:
https://vimeo.com/ccvideoproductions/review/915810207/0229826155

PROPERTY DESCRIPTION
Building Construction: Masonry Conc. Roof BU-TG/MMBRY Bar Joist Rigid (Brevard County Property Appraisers Records)

Lot Size: 0.53 Acres Irregular Shape.
Dual frontage: Hwy US 1 and Washington Avenue
Note: Current 7-Eleven Lease:
When the property is sold, the Buyer becomes the new Landlord. The Lease stays intact until it expires or until it is terminated. If the Buyer wants immediate access to the building either for renovations or demolition, the lease will have to be terminated. Lease expires is August of 2024

Zoning Code Link
https://library.municode.com/fl/titusville/codes/land_development_regulations_?nodeId=TILADERE_CH28ZO_ARTVIZODIST_S28-324DOMIEDMSMCO
Permitted Use Link
https://library.municode.com/fl/titusville/codes/land_development_regulations_?nodeId=TILADERE_CH28ZO_ARTIVUSTA_S28-54USTA

LOCATION DESCRIPTION
The property is located in the Space Coast of Florida in Titusville at the busy intersection of Hwy US 1 and Washington and on the Southern Border of the Commercial ReDevelopment District Brevard County Florida.

Cocoa Beach and all its ambience is approximately 30 miles to the South
The City of Melbourne and the Orlando Melbourne International Airport is approximately 40 miles to the South.

Port Canaveral which is one of the busiest cruise terminals in the world and the Canaveral National sea shores is approximately 20 miles to the North

The bustling City of Orlando and the Orlando International airport is approximately 42 miles to the West

The beautiful beaches of Daytona and new Smyrna are approximately 45 miles to the north

Note: Property is located in and a part of the Titusville CRA-Commercial Re-Development Agency. This designation allows and provides for possible financial development grants for future development and redevelopment.

See Link: Community Redevelopment Agency | Titusville, FL
https://titusville.com/228/Community-Redevelopment-Agency