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    426 Plumosa St Merritt Island, FL 32952

    For Sale
    $285,000

    20,038 SF, $285,000, High Potential

    Property size:
    20,038 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use property, located at 426 S Plumosa St in Merritt Island, Florida (zip code 32952), presents a unique investment opportunity. The property encompasses a substantial 20,038 square feet on a 0.46-acre lot, featuring a single building constructed in 1953. Priced at $285,000 ($14.22 per square foot), this offering provides significant potential for redevelopment or renovation. The existing structure is a 564 square foot manufactured home, offering a blank canvas for creative vision. Its Residential Commercial zoning allows for flexible use, catering to a variety of residential and commercial ventures. Situated in a thriving Brevard County community, this property benefits from convenient access to amenities, schools, and transportation routes. The property's ample land area and strategic location within a growing market make it an attractive investment with potential for long-term appreciation. This is an ideal opportunity for investors seeking a versatile property with significant upside in a desirable Florida location. The property's size and zoning flexibility offer a multitude of development options, from residential conversion to commercial ventures, or a combination of both. This presents a chance to capitalize on the increasing demand for both residential and commercial spaces in Merritt Island.

    Property Features for 426 Plumosa St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    20,038 SF
    Lot Size
    20,038 SF

    Building Details

    Year Built
    1953
    Buildings
    1

    HighLights

    • Prime Merritt Island location near amenities, schools, and transportation.
    • Residential/Commercial zoning allows for flexible use.
    • Existing 564 sq ft manufactured home offers renovation potential.
    • Large 0.46‑acre lot provides ample space for expansion.
    • High demand for residential and commercial properties in growing Merritt Island market.
    • Excellent opportunity for investment diversification.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.6917989
    Latitude
    28.3501661

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    FAQs

    What type of property is this?
    Mixed-use property - 20,038 SF, $285,000, High Potential
    Where is this mixed-use property located?
    The property is located at 426 Plumosa St Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: Prime Merritt Island location near amenities, schools, and transportation.; Residential/Commercial zoning allows for flexible use.; Existing 564 sq ft manufactured home offers renovation potential.
    (321) 403-1111
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    426 Plumosa St Merritt Island, FL 32952
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    Merritt Island, FL 32952
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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
    426 Plumosa St Merritt Island, FL 32952
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