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Brevard County Real Estate - Cape Canaveral

Cape Canaveral is located on Florida's Atlantic coast. It is north of Cocoa Beach and east of Merritt Island It is part of a region known as the Space Coast, and is the site of the Cape Canaveral Air Force Station (CCAFS). CCAFS is an installation of the US Air Force Space Command which is headquartered at Patrick Air Force Base in Satellite Beach. It is the primary launch site for unmanned rockets in the Eastern United States.

Port Canaveral is a deep water port located within Cape Canaveral. The port is a base for cruise and cargo shipping. Disney, Carnival, Royal Caribbean and Norwegian Cruise Lines operate cruise ships from Port Canaveral. Port Canaveral operates as foreign trade zone. This provides tax and tariff advantages to cargo operations from the port. A 2010 study conducted by Martin Associates estimated the port generated 13,093 jobs and $648.8 million in economic activity:

• http://www.portcanaveral.com/general/news/canaveral_impact_report_51010.pdf

The Port Authority has approximately 1.9 million sq ft of commercial and industrial buildings. There is an additional 700,000 sq ft of industrial space outside the Port Authority. There are 3 hotels in Cape Canaveral providing a total of 380,000 sq ft of accommodation. Cape Canaveral has 422,951 sq ft of office space, 125,492 retail and 136,881 shopping.

There is around 9 million sq ft of residential real estate in Cape Canaveral. 6 million of this is allocated to condominium units and another 1 million in townhouses. There are 800,000 sq ft of multi-family units. Single family homes make up a relatively small proportion of the residential market.

Properties in Cape Canaveral are generally considered less desirable than similar properties in Cocoa Beach to the south. Much of the residential real estate in both cities dates from the 1960's. A lot of the cheaper condos are converted multi-family properties. Typically 1 bed/ 1 bath units with less than 400 sq ft of living space. Zoning restrictions for most of the city limit the minimum term of a rental agreement. These are designed to limit the areas in Cape Canaveral where condos can be used as vacation rentals.

Cape Canaveral links:

• Kennedy Space Center
• Wikipedia
• Cape Canaveral City Website

Links

• Cape Canaveral Real Estate Market Data
• Brevard County Real Estate Market Data
• Walkscore for Zipcode 32920
• Cape Canaveral, FL Property Values on Trulia

Brevard County

Brevard County is located in the East Central Florida region, along with Orange, Volusia, Sumter, Seminole, Lake, and Osceola counties. There are many incorporated municipalities in Brevard. Cities include Cape Canaveral, Cocoa, Cocoa Beach, Indian Harbour Beach, Melbourne, Palm Bay, Rockledge, Satellite Beach, Titusville, and West Melbourne. The towns in Brevard are Grant-Valkaria, Indiatlantic, Malabar, Melbourne Beach, Melbourne Village, and Palm Shores. Brevard?s population is well over half a million.

Top industries for Brevard County include technology, tourism, agriculture, and other service businesses. Top public sector employers for Brevard County are the Brevard County School Board, Brevard County Board of County Commissioners, NASA, and US Department of Defense. Private sector employers include Harris Corporation, Health First, Inc., United Space Alliance, Wuesthoff Health System, and Northrop Grumman Corporation.

Kennedy Space Center is located on Merritt Island in Brevard County and provides many jobs for the area, as well as acting as a popular tourist destination. It is from this activity that Brevard takes its nickname, the Space Coast. Nicknamed "Space City USA", the city of Titusville is across the water from KSC. The city?s population is highly-educated. The city is a popular destination for visitors wishing to see spacecraft launches.

Other tourist attractions in Brevard County include Port Canaveral, one of the busiest cruise ports in the world, the Merritt Island National Wildlife Refuge, and Cocoa Beach. Port Canaveral is serviced by Disney Cruise Lines, Carnival, and Royal Caribbean. Not just a tourist destination, the port is within a foreign trade zone.

In 2010 and 2011, the Brookings Institution reported that Brevard ranked in the bottom fifth of the nation's top metro areas, based on unemployment, gross metropolitan product, housing prices and foreclosed properties. In 2011, the county was rated the 6th worst in the nation for foreclosures. RealtyTrac rated Brevard as the best county in the United States for buyers in 2013 because of the low prices.

Neighboring Properties

Address	Type	Sq Ft	Class
6099 Atlantic Ave N	Office building, non-professional service building, one story	6,400	B
6110 Atlantic Ave N	Auto sales, auto repair and storage or auto service shop	1,161	B
114 Wilson Ave	Mixed use - store and office or store and residential or residential combination	4,275	C
112 Wilson Ave	Mixed use - store and office or store and residential or residential combination	4,275	C
110 Wilson Ave	Mixed use - store and office or store and residential or residential combination	4,275	C
6006 Atlantic Ave N	Mixed use - store and office or store and residential or residential combination	4,275	C
6103 Atlantic Ave N	Mixed use - store and office or store and residential or residential combination	13,715	B
111 Wilson	Single Family	3,182	C
6020 Atlantic Ave N	Store, one story	7,000	B
5807 Atlantic Ave N	Condominium	1,354	B
5807 Atlantic Ave N	Condominium	1,354	B
6150 Atlantic Ave N	Auto sales, auto repair and storage or auto service shop	2,400	B
5807 Atlantic Ave N	Condominium	1,354	B
5807 Atlantic Ave N	Condominium	1,354	B
5807 Atlantic Ave N	Condominium	1,354	B
5920 Atlantic Ave N	Nightclub, cocktail lounge or bar	3,242	B
146 Wilson Ave	Single Family	2,343	B
119 Roosevelt Ave	Condominium	555	C
119 Roosevelt Ave	Condominium	555	C
127 Roosevelt Ave	Condominium	555	C
127 Roosevelt Ave	Condominium	555	C
127 Roosevelt Ave	Condominium	555	C
123 Roosevelt Ave	Condominium	555	C
127 Roosevelt Ave	Condominium	671	C
123 Roosevelt Ave	Condominium	671	C
123 Roosevelt Ave	Condominium	555	C
117 Wilson Ave	Orphanage, other non-profit or charitable services	2,027	C
135 Roosevelt Ave	Condominium	555	C
131 Roosevelt Ave	Condominium	671	C
131 Roosevelt Ave	Condominium	555	C
131 Roosevelt Ave	Condominium	555	C
135 Roosevelt Ave	Condominium	555	C
135 Roosevelt Ave	Condominium	555	C
135 Roosevelt Ave	Condominium	671	C
6115 Atlantic Ave N	Mixed use - store and office or store and residential or residential combination	2,504	C
139 Roosevelt Ave	Condominium	555	C
139 Roosevelt Ave	Condominium	555	C
139 Roosevelt Ave	Condominium	555	C
139 Roosevelt Ave	Condominium	671	C
148 Wilson Ave	Single Family	2,343	B
123 Wilson Ave	Multi-family - less than 10 units	2,742	B

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

Address	Miles	Sq Ft	Price
5807 Banana River Blvd N	.26	1,315	$419,000
290 Cape Shores Cir	.27	6,756	$4,500,000
6500 Falcon Way	.28	1,091	$269,900
5505 Atlantic Ave N	.31	6,192	$900,000
6992 Atlantic Ave N	.52	4,800	$1,300,000
4800 Ocean Beach Blvd	.71	754	$312,000
350 Fillmore Ave	.75	726	$194,900
203 Taylor Ave	.76	4,420	$799,900
203 Taylor Ave	.76	4,420	$799,900
400 Jackson Ave	1.05	4,368	$1,320,000
220 Columbia Dr	1.27	625	$156,999
223 Columbia Dr	1.27	936	$190,000
630 Adams Ave	1.34	8,720	$5,950,000
230 Chandler St	1.45	6,080	$1,785,000
8472 Ridgewood Ave	1.5	1,589	$575,000