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    Grove St Merritt Island, FL 32953

    For Sale
    $190,000

    Prime Commercial Lot, Ready to Build

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 13,068 square foot commercial lot in Merritt Island, Florida, presents a remarkable opportunity for development. Located at 0 N N. Grove, zip code 32953, this property boasts significant infrastructure already in place, saving considerable time and expense. The lot features 18 existing parking spaces, a concrete dumpster pad, and ample room for new construction. Utilities are conveniently connected, including a water meter, power meter, and sewer hookup. An existing electric panel and street lighting enhance the site's functionality. A fully automatic sprinkler system is also in place. This double lot is situated in the desirable Merritt Park Place area, offering excellent visibility and accessibility. The property's existing infrastructure and convenient location make it ideal for a variety of commercial ventures. The asking price is $190,000. Don't miss this chance to acquire a turnkey commercial lot ready for immediate development. Contact us today to learn more.

    Property Features for 0 Grove St

    General Information

    Property type
    Land

    HighLights

    • $190,000 asking price.
    • 13,068 square foot commercial land lot.
    • Located in Merritt Island, Florida, zip code 32953.
    • Features 18 parking spaces, concrete dumpster pad, and utilities (water, power, sewer).
    • Includes electric panel, street lighting, and automatic sprinkler system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.6992633
    Latitude
    28.470872

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot, Ready to Build
    Where is this land located?
    The property is located at Grove St Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: $190,000 asking price.; 13,068 square foot commercial land lot.; Located in Merritt Island, Florida, zip code 32953.
    Request Owner's contact information
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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
    Grove St Merritt Island, FL 32953
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