Cape Canaveral Retail Space

Description

211 Caroline St represents a prime retail opportunity in the heart of Cape Canaveral, Florida. This 4,453 sq ft space is strategically positioned to capitalize on the area's tourism and local economy. With Port Canaveral expecting 4.07 million cruise passengers in 2023 and Kennedy Space Center attracting over 1.4 million visitors annually, the property benefits from a steady stream of potential customers.

The local market is equally strong, boasting a median household income of $68,495 (17.3% growth from 2021-2022) and a low 3.2% retail vacancy rate. Cape Canaveral's retail sector thrives with $51,459,000 in annual sales, supported by 9,980 residents and millions of visitors contributing to a $4.6 billion tourism impact in Brevard County.

The diverse visitor demographic, with 63% from out of state and 5% international, offers retailers a broad customer base. This flexible space, suitable for retail or professional services, presents an unparalleled opportunity to tap into a market where tourism and local prosperity converge.

Cape Canaveral's unique appeal stems from its proximity to major attractions. Just minutes away, Kennedy Space Center draws over 1.4 million visitors annually, while the bustling Port Canaveral expects to welcome 4.07 million cruise passengers in 2023. This constant flow of visitors contributes to the area's robust retail environment, evidenced by the low 3.2% retail vacancy rate.
The location's potential is further enhanced by the city's strong economic indicators. With a median household income of $68,495 and recent growth of 17.3%, the local market presents a solid customer base. The property's flexible zoning for retail or professional services allows it to adapt to the diverse needs of this dynamic market, positioning it as a versatile asset in Cape Canaveral's growing commercial landscape.

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Units for Lease