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    38XX Us 1 Mims, FL 32754

    For Sale
    $250,000

    Prime 2.28-acre commercial lot on US-1

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 2.28-acre parcel boasts over 500 feet of high-visibility frontage on US Highway 1 in Mims, Florida, experiencing over 11,000 vehicles daily. The property is zoned AU, with a future land use designation of Neighborhood Commercial, making rezoning to BU-1A potentially straightforward. Approved uses include, but aren't limited to, professional offices, convenience stores, and personal service businesses. The land is high and dry, offering easy access to city water and utilities. Its strategic location provides convenient access to I-95, downtown Titusville (7 miles), and downtown Orlando (45 miles). This presents a remarkable opportunity for development, further enhanced by the availability of an additional 4.77 acres on an adjacent parcel to the east, totaling over 8 acres of contiguous land. The property's APN is 20-35-31-00-504. The asking price for this exceptional commercial property is $250,000.

    Property Features for 38XX Us 1

    General Information

    Property type
    Land
    Lot Size
    99,317 SF

    HighLights

    • 2.28‑acre parcel
    • 500± feet of US‑1 frontage
    • High daily traffic count (11,000 vehicles)
    • High and dry site
    • Neighborhood Commercial zoning
    • City water and utilities readily available
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mims
    County
    Brevard
    State
    Florida
    Longitude
    -80.847022
    Latitude
    28.6700599

    Nearby Comparable

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      Mims, FL Land For Sale

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    • Contact for pricing

      Mims Land: Prime Commercial/Residential Lot

      Affordable 5,227 sq ft lot in Mims, FL
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      Retail Development Site For Sale

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    Nearby Similar for Sale

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      Mims Commercial Property For Sale

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    FAQs

    What type of property is this?
    Land - Prime 2.28-acre commercial lot on US-1
    Where is this land located?
    The property is located at 38XX Us 1 Mims, FL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 2.28-acre parcel; 500± feet of US-1 frontage; High daily traffic count (11,000 vehicles)
    Request Owner's contact information
    38XX Us 1 Mims, FL 32754
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    Mims, FL 32754
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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
    38XX Us 1 Mims, FL 32754
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