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    Rockledge, FL 32955

    Sponsored
    For Sale
    $499,000

    High-Dry Commercial Lot, 60,113 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 60,113 square foot commercial land parcel is strategically located on the east side of US Highway 1 in south Rockledge, Florida. The property's high and dry elevation makes it an ideal site for development. Its zoning allows for a variety of uses, making it suitable for a small strip center, individual retail businesses, or medical facilities. The seller is open to considering the sale of a portion of the site, provided that a fully buildable lot remains after the split. This flexibility offers potential buyers various development options to suit their specific needs and investment strategies. Importantly, the seller possesses official documentation from the city of Rockledge confirming the property's suitability for uses such as a pawn shop or adult entertainment establishment, a unique characteristic potentially making this the only location within the city limits where such uses are permitted. This presents a rare opportunity for investors seeking a property with diverse development potential and a unique zoning advantage. The property is situated at 0 U.S. 1, Rockledge, FL 32955. The asking price for this prime commercial land is $499,000.

    Property Features for 0

    General Information

    Property type
    Land

    HighLights

    • $499,000 asking price.
    • 60,113 square foot commercial land parcel.
    • Located at 0 U.S. 1, Rockledge, FL 32955.
    • High and dry site, ideal for retail, medical, or small strip center development.
    • Seller may consider splitting the site, subject to maintaining a fully buildable parcel.
    • City approval exists for uses including pawn shop and adult entertainment, potentially unique within Rockledge.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rockledge
    County
    Brevard
    State
    Florida
    Longitude
    -80.7879407
    Latitude
    28.291625

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    FAQs

    What type of property is this?
    Land - High-Dry Commercial Lot, 60,113 SF
    Where is this land located?
    The property is located at Rockledge, FL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: $499,000 asking price.; 60,113 square foot commercial land parcel.; Located at 0 U.S. 1, Rockledge, FL 32955.
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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.

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    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
    Rockledge, FL 32955
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