Active

418 Adams Avenue

Cape Canaveral FL, 32920

$3,550,000


$517.19 per sqft

Active

6,864 sqft

Commercial

Built in 1966

This boutique 9-unit apartment building, located a mere 1 1/2 blocks from the beach, offers an unparalleled opportunity for developers seeking the perfect value-add scenario. Nestled just a stone's throw away from the pristine shores of Cape Canaveral, the Blue Coast Apartments stand as a testament to coastal living at its finest. With a construction of concrete block, both in its inner-walls and structure, the Blue Coast Apartments exude durability and timeless charm. Residents here enjoy the comfort of central air conditioning, A+ walkability, ensuring that coastal living remains a breeze year-round. But what truly sets this property apart is the exclusive opportunity it presents for developers. With a vision to renovate and elevate, the Blue Coast Apartments invite those with foresight to bring these gems up to market value. Picture it - modern finishes, sleek amenities, and a fresh coastal aesthetic. As the sun dips below the horizon, the private courtyard becomes a tranquil haven for residents, offering a serene retreat amidst the vibrant beach community. The Blue Coast Apartments are more than just a building; they're a canvas for a developer's imagination. A canvas that, when brought to life, promises not only a sound investment but also a piece of Cape Canaveral's coastal dream. This is the chance to transform an already exceptional location into a true masterpiece of coastal living. Show by appointment only.

975082

MLS ID

September 13, 2023

Listed

February 20, 2025

Updated

Interior Features

Total Stories

2


Floor Description

Terrazzo, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s), Central Air, Central Building


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.29 Acres


Roof

Rolled/Hot Mop


Sewer

Public Sewer


Security

Firewall(s), Smoke Detector(s)

Other Property Details

Area Name

271 - Cape Canaveral


Taxes

$11,087


Tax Frequency

Annually


Garage

No


View

No


County

Brevard


Water Source

Public


Pool

No

Listing History

Date

Event

Price

3/7/2024

Price change

$3,550,000

-2%

Courtesy of One Sotheby's International, James Edmunds,
Listing Contact: 321-984-3135 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Carpenter | Kessel Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2025 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.

 

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