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    Magoon Ave Merritt Island, FL 32954

    For Sale
    $125,000

    0.62-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional commercial land offering presents a unique investment opportunity in Brevard County, Florida. Located in Mims, near Merritt Island, on Magoon Ave, zip code 32954, this 0.62-acre parcel is zoned for commercial use (APN: 20G-34-41-LH-4-1). The property's strategic location offers significant potential for various commercial ventures. While technically a single parcel, the marketing materials describe it as having the potential to be combined with an adjacent lot to create a larger 0.62-acre site. This makes it ideal for developers seeking a larger footprint or businesses needing ample space. The asking price for this prime commercial land is $125,000. Its proximity to US Highway 1 adds to its appeal, providing excellent visibility and accessibility for any commercial development. Serious inquiries are encouraged to explore the possibilities this property offers. The latitude and longitude coordinates are 28.76534690487652, -80.87711817140453 respectively.

    Property Features for 0 Magoon Ave

    General Information

    Property type
    Land
    Lot Size
    27,007 SF

    HighLights

    • $125,000 asking price.
    • 0.62‑acre commercial land parcel.
    • Located in Brevard County, Florida, near Merritt Island and Mims (zip code 32954).
    • APN: 20G‑34‑41‑LH‑4‑1.
    • Commercially zoned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.877118171405
    Latitude
    28.765346904877

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    FAQs

    What type of property is this?
    Land - 0.62-acre commercial lot, prime location.
    Where is this land located?
    The property is located at Magoon Ave Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: $125,000 asking price.; 0.62-acre commercial land parcel.; Located in Brevard County, Florida, near Merritt Island and Mims (zip code 32954).
    (321) 956-5006
    Request Owner's contact information
    Magoon Ave Merritt Island, FL 32954
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    Merritt Island, FL 32954
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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
    Magoon Ave Merritt Island, FL 32954
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