2902 S Atlantic Avenue, Cocoa Beach, FL 32931

$4,200,000
Property Type: Commercial Sale Baths: 13 Square Footage: 6,754 Status: Closed
Current Price: $4,200,000 List Date: 12/30/2023 Last Modified: 5/24/2026

Overview

Description

Commercial Sale comp

Listing Details MLS# 1000804

General Property Information

Number Of Units Total
Yes
Bathrooms Total
13
Building Area Total
6754
Building Area Source
Appraiser
Year Built
1956
Building Name
Lost in Paridase
Land Lease YN
Yes
Association YN
No
Water Body Access YN
No
Senior Community YN
No
List Price/SqFt
666.27
Sold Price/SqFt
621.85

Property Features

Building Features: Pool Construction Materials: Block; Frame; Stucco Cooling: Ceiling Fan(s); Central Air Current Use: Hotel/Motel Electric: 200+ Amp Service Fencing: Full Flooring: Vinyl Heating: Central Listing Terms: Cash; Conventional Location: Beach Area Lot Features: Few Trees Owner Pays: All Utilities Parking Features: Parking Lot Possession: Close Of Escrow Road Frontage Type: State Road Roof: Metal Sale Includes: Business with Real Estate Sewer: Public Sewer Showing Requirements: Appointment Only Water Source: Public Waterfront Features: Navigable Water; River Front Contingency Reason: Inspection

Contract Information

Original List Price
4500000
Listing Contract Date
2023-12-23
Property Sub Type
Hotel/Motel

Location Tax and Legal

Street Number
2902
Street Direction Prefix
S
Street Name
Atlantic
Street Suffix
Avenue
County
Brevard
State
FL
Postal Code
32931
MLS Area Major
272 - Cocoa Beach
Subdivision Name
Crescent Beach

Remarks and Miscellaneous

Public Remarks
Commercial Sale comp

Status Change Information

Major Change Timestamp
2023-12-30T23:06:28Z
Major Change Type
Status Change
Status Change Timestamp
2023-12-30
Purchase Contract Date
2023-12-30
Close Date
2023-12-30
Close Price
4200000

More Information

Unit 1 Details

Unit ID
1-13
Annual Rent
250000
Unit SqFt
4664
# Units (This Type)
13
Furnished
Furnished
Unit Remarks
Short term rental

Non Member Info

Non-Member Brokerage
Keyes Commercial RE
Non-Member Name
Richard Spado

Location, Tax, and Legal

Tax Account
2520409
Parcel Number
25-37-26-50-0000g.0-0009.00
General County Location
Central
Tax Annual Amount
12583
Tax Year
2023
Tax Legal Description
CRESCENT BEACH LOTS 9 TO 12 & CLOSED ST ON W BLK G
Additional Parcels Description
SUBMERGED LANDS LYING WESTERLY OF LOTS 9 TO 12 & CLOSED ST ON W BLK G OF PB 1 PG 38 AS DESC IN ORB
Zoning Description
Commercial
Directions
A1A north from Pineda Causeway. Property on East side of A1A

Construction Materials

Block
Yes
Frame
Yes
Stucco
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Current Use

Hotel/Motel
Yes

Electric

200+ Amp Service
Yes

Fencing

Full
Yes

Flooring

Vinyl
Yes

Heating

Central
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Few Trees
Yes

Parking Features

Parking Lot
Yes

Possession

Close Of Escrow
Yes

Owner Pays

All Utilities
Yes

Road Frontage Type

State Road
Yes

Roof

Metal
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes

Waterfront Features

Navigable Water
Yes
River Front
Yes

Showing Requirements

Appointment Only
Yes

Building Features

Pool
Yes

Location

Beach Area
Yes

Sale Includes

Business with Real Estate
Yes

Contingency Reason

Inspection
Yes
Listing Office: Keller Williams Realty Brevard
Last Updated: May - 24 - 2026
Information is deemed to be reliable, but is not guaranteed.