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    7656 Hwy Micco, FL 32976

    For Sale
    $539,000

    Highway 1 Commercial Building, $539K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial property, located at 7656 Highway 1 in Micco, Florida, presents a significant investment opportunity. The 13,068 square foot lot houses a single-story, 1958-built retail building, ideally situated on the Indian River. Recently renovated, the building boasts a fully equipped kitchen, multiple private offices, and a covered porch, providing ample space for a variety of business ventures. A convenient shed in the back offers additional storage. Recent improvements include a new shower and a repaired septic tank cover, ensuring the property is move-in ready. The property's prime location on US Highway 1 offers excellent visibility and accessibility. While lacking a dock, the waterfront location presents limitless potential for diverse business applications. The asking price for this turnkey commercial property is $539,000. This is a rare chance to acquire a well-maintained, established commercial space in a desirable location with significant upside potential. The property's existing infrastructure and recent upgrades minimize immediate capital expenditures, allowing for a swift return on investment. The spacious layout and versatile design cater to a wide range of business needs, making it an attractive option for both established businesses and new ventures. Don't miss this opportunity to own a piece of Micco's thriving commercial landscape.

    Property Features for 7656 Hwy

    General Information

    Property type
    Land

    Building Details

    Year Built
    1958
    Stories
    1
    Units
    1

    HighLights

    • $539,000 asking price.
    • 1‑unit retail property with land, Commercial/Business subtype.
    • 1958 construction, single‑story building.
    • 13,068 sq ft lot.
    • Located at 7656 Highway 1, Micco, FL 32976, in Brevard County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Micco
    County
    Brevard
    State
    Florida
    Longitude
    -80.505661
    Latitude
    27.8882919

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    FAQs

    What type of property is this?
    Land - Highway 1 Commercial Building, $539K
    Where is this land located?
    The property is located at 7656 Hwy Micco, FL.
    What is the asking price?
    The asking price for this property is $539,000.
    What are key features of this property?
    This property features: $539,000 asking price.; 1-unit retail property with land, Commercial/Business subtype.; 1958 construction, single-story building.
    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
    7656 Hwy Micco, FL 32976
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