315 Bayview St.

315 Bayview St. Titusville, FL 32780

315 Bayview St., Titusville, FL, 32780
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$424,900
Last Verified:
Aug 05, 2022

Highlights

  • - High Demand for residential rentals in Titusville!
  • - Convenient location for office, close to historic downtown and main retail corridor

Description

VALUE ADD or OWNER OCCUPY WITH INCOME! Excellent investment opportunity! Downstairs office and two upstairs apartments. Total 2,672 sq.​ ft.​ Both apartments have front patio space, and one has been recently renovated.​ Both apartments currently have month to month tenants in place. Office space is vacant. Great opportunity to bring all units to current market rates.​ Plenty of parking on site including a drive through carport.​ Downstairs utility room with separate entrance.​ The lot is large, at over half an acre, potential to develop additional units.​ Future Land Use is Downtown Mixed Used-very flexible zoning- check with the city of Titusville about potential options.​

Centrally located between Historic Downtown Titusville and the new Titus Landing retail Center; close to Titusville High School.​

VALUE ADD or OWNER OCCUPY WITH INCOME! Priced Vacant, check out this excellent investment opportunity! Downstairs office and two apartments total 2,672 sq. ft. Built in 1963 during the exciting "Space Race" period and featuring Mid Century Mod Architecture; both apartments have front patio space and one has been recently renovated. Downstairs utility room with separate entrance. Both units currently have month to month tenants in place and there is a great opportunity to bring both rental rates up to current market value. Plenty of parking on site including a drive through carport. The lot is large, at over half an acre, and there is plenty of potential to develop additional units. Future Land Use is Downtown Mixed Used-very flexible zoning- check with the city of Titusville about potential options.

Centrally located between Historic Downtown Titusville and the new Titus Landing retail Center; close to Titusville High School.


Year Built: 1963
Building Size: 2672sq ft
Building Class: C
Lot Size: 0.6 acres

Map of 315 Bayview St., Titusville, FL, 32780

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.