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    8560-8580 Us Highway 1 Micco, FL 32976

    Sponsored
    For Sale
    $2,995,000

    5.33 Acres, Highway 1 Frontage, Opportunity Zone

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.33-acre property, located at 8560-8580 US Highway 1 in Micco, Florida (zip code 32976), presents a remarkable development opportunity. Boasting 112,820 square feet of high and dry land, well above sea level, this site offers stunning views that gradually elevate from east to west. The property benefits from both front and rear access points on US Highway 1, providing convenient ingress and egress. Currently zoned for single-family residential use, it possesses significant potential for rezoning to accommodate commercial or multi-family residential development. A key advantage is its location within an Opportunity Zone, offering potential tax benefits for investors. The property features approximately 200 feet of direct frontage on US Highway 1, maximizing visibility and accessibility. Furthermore, a significant riverfront area is included, ideal for the construction of a small clubhouse, two piers, or a dock. This unique combination of highway frontage, river access, and Opportunity Zone designation makes this a truly exceptional investment opportunity for developers seeking to create a high-value residential or mixed-use development. The property's elevated position ensures breathtaking views throughout the development.

    Property Features for 8560-8580 Us Highway 1

    General Information

    Property type
    Multifamily properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Micco
    County
    Brevard
    State
    Florida
    Longitude
    -80.4969987
    Latitude
    27.8718314

    Nearby Comparable

    • $875,000
      0.84 Acres

      Prime Micco Commercial Land

      .84-acre corner lot, US-1 frontage
      8560 Us-1, Micco, FL 32976
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    • $69,000

      Micco Commercial Land - $69K

      Prime .32-acre lot, ideal for mixed-use.
      0 10Th St, Micco, FL 32976
      View Details
    • $75,000

      Micco Land: Prime Commercial/Residential Lot

      .42-acre lot, ideal for home or business.
      0 10Th St, Micco, FL 32976
      View Details
    • $64,900

      Prime Micco Land - $64,900

      7,405 sq ft commercial/residential lot.
      463 Egret Cir, Micco, FL 32976
      View Details
    • $49,900
      0.17 Acres

      Resort-Style Community Land

      Land in a resort-style manufactured home community with many amenities.
      463 Egret Cir, Barefoot Bay, FL 32976
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    Nearby Similar for Sale

    • $55,000

      Prime Micco Cafe & Restaurant

      Established eatery, huge growth potential
      8490 Hwy, Micco, FL 32976
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 5.33 Acres, Highway 1 Frontage, Opportunity Zone
    Where is this multifamily property located?
    The property is located at 8560-8580 Us Highway 1 Micco, FL.
    What is the asking price?
    The asking price for this property is $2,995,000.
    Request Owner's contact information
    8560-8580 Us Highway 1 Micco, FL 32976
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    Micco, FL 32976
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8560-8580 Us Highway 1 Micco, FL 32976
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