8778 State Rd 21 Melrose, FL 32666-8809
This exceptional 0.34-acre commercial parcel is ideally situated in Melrose, Florida, at 8778 State Road 21. Boasting 100 feet of frontage on State Road 21, just north of the intersection of SR 26 and SR 21, this property offers unparalleled visibility and high traffic exposure. The BA (Neighborhood Business) zoning allows for a variety of commercial uses, making it perfect for retail, office, or service-based businesses seeking to capitalize on the area's growth. This strategic location within a thriving commercial corridor ensures significant potential for attracting customers and building a successful enterprise. The property's prominent position guarantees excellent visibility to the high volume of traffic on SR 21, providing an exceptional opportunity to establish a strong presence in the local community. This is a rare chance to acquire a well-positioned commercial lot in a rapidly developing area of Clay County. Don't miss this opportunity to secure your place in one of Florida's most promising commercial markets. The asking price is $85,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
BA · Melrose, FLMelrose. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.