Another Commercial Property SOLD!
Michael Dreyer and Scot Marschang
Posted: August 15, 2017 at 12:00 AM by Stephanie Messina
Royal Oaks Plaza is situated at the signalized intersection of two established Titusville roadways on the SW corner of Knox McRae Drive and Barna Avenue in the City of Titusville (Brevard County), Space Coast , Florida.This neighborhood shopping center was constructed in 1986 and contains 71,661 square feet of gross leasable area (15 Units). The offering includes two vacant outparcels (± 0.87 acre and ± 0.69 acre) plus ± 1.13 acre expansion land component. The total land area is ±14.18 acres with 360 parking spaces plus 14 handicap spaces. The tenant lease roster includes State Farm Insurance, Check N Go, Peking Restaurant, and Titusville Optical. Great upside potential through expansion land, outparcels, and vacant space to accommodate tenants requiring from 900 sf up to 53,000 sf. Offering is comprised of four parcels: Tax Account: 2210667, 2218243, 2218244, and 221845 / Combined RE Tax: $73,777
Royal Oaks Plaza is located approximately 30 miles due east of the Orlando International Airport and three miles east of Interstate 95 Exit 215. Center is two miles west of US Hwy 1 for access to Merritt Island, Kennedy Space Center, and Port Canaveral. Titusville is weathering the space industry changes with significant new growth and exciting business evolution in space and aerospace, transportation and logistics, precision plastics, satellite communications, automotive restoration parts, marine design, and retail expansion. Please check the links below for detailed area information.