1220 S Washington Avenue

The property consists of a 2,009+-sq ft concrete building on .53+- acres with direct access from Highway US 1 and South Washington Avenue. The property was renovated in 1962 as a gas station and further renovated to its current state. In approximately 2016-2017 a new roof was placed on the building by the current owners. In approximately 2016-20177- 7-Eleven acquired a portfolio of several gas and convenience operations to include an existing lease on the building which they ran as a gas and convenience store for several years. The building is currently vacant. The current lease with 7-Eleven expires in August 31 2024. However, 7-Eleven continues to maintain the building . All gas pumps have been removed from the property and all remediation has been approved and completed. They also renovated the bathrooms to ADA standards. The building is zoned ''Down Town Mix Use and ''Mid Town'' which is a very liberal zoning which allows most commercial usages to include work-live, multi family, duplex, triplex, and quad-plex at a density of 30 units per acre and a height restriction of 5 stories. Also as noted in the "Offering Summary, the property is located in and a part of the Titusville CRA-Commercial Re-Development Agency. This designation allows and provides for possible financial development grants for future development and re-development. Building Construction: Masonry Conc. Roof BU-TG/MMBRY Bar Joist Rigid (Brevard County Property Appraisers Records) Lot Size: 0.53 Acres Irregular Shape. Dual frontage: Hwy US 1 and Washington Avenue Note: Current 7-Eleven Lease: When the property is sold, the Buyer becomes the new Landlord. The Lease stays intact until it expires or until it is terminated. If the Buyer wants immediate access to the building either for renovations or demolition, the lease will have to be terminated. Lease expires is August of 2024