686 S Atlantic Avenue, Cocoa Beach, FL 32931

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686 S Atlantic Avenue, Cocoa Beach, FL 32931

$1,599,900.00

Active

686 S Atlantic Avenue, Cocoa Beach, FL 32931

About Property

Rare opportunity to own this 8 Unit multifamily property in iconic Cocoa Beach, just 300 feet from the boardwalk and ocean access. Situated on a .34-acre corner lot, this unique property includes two quadplex buildings centered around a saltwater pool and surrounded by tropical landscaping. Operating as ''Sea Esta'' almost 40 years, this property offers a boutique-style experience, providing an alternative to high-rise hotels and crowded resorts. Ideal for investors, vacation rental operators, or boutique hotel concepts. One building was updated in 2009 with new electrical panels, windows, sliders, and tankless water heaters. Two new HVAC units installed in 2024. Each unit has its own wooden deck to enjoy. On-site parking, workshop and laundry facilities included. Adjoining vacant lot may also be available for purchase, offering potential for expansion. Own your hospitality!Don't miss this rare income-producing coastal GEM with unbeatable location and long-term upside