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    420 Plumosa St Merritt Island, FL 32952

    For Sale
    $595,000

    0.98-acre lot, residential & commercial potential

    Property size:
    42,689 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional mixed-use property, located at 420 S Plumosa St, Merritt Island, FL 32952, presents a compelling investment opportunity. The property encompasses a sizable 0.98-acre lot (approximately 42,689 square feet), featuring a 1,120 square foot single-family home built in 1960. The flexible zoning allows for a diverse range of uses, seamlessly blending residential comfort with commercial possibilities. The expansive lot offers ample space for outdoor activities, additional parking, or future development projects. This strategic location in a thriving area of Merritt Island provides easy access to local amenities, schools, and major transportation routes, making it an attractive proposition for both residential and commercial ventures. The property's versatility makes it suitable for a variety of business endeavors or potential residential conversion. The substantial lot size and existing structure provide a solid foundation for immediate use and future expansion, making this a truly unique opportunity in Brevard County. The asking price for this remarkable property is $595,000. This one-story building presents a rare chance to acquire a significant parcel of land with existing improvements in a desirable location.

    Property Features for 420 Plumosa St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    42,689 SF
    Lot Size
    42,689 SF

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    1

    HighLights

    • 1,120 sq ft single‑family home on a 0.98‑acre lot (approx. 42,689 sq ft), offering a unique blend of residential and commercial potential.
    • Building size: 1,120 sq ft.
    • Year built: 1960.
    • Flexible zoning allowing for residential and commercial uses.
    • 0.98‑acre lot provides ample space for expansion, parking, or outdoor activities.
    • Strategic location in Merritt Island with easy access to amenities, schools, and transportation.
    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
    -80.692132338101
    Latitude
    28.350333319281

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    FAQs

    What type of property is this?
    Mixed-use property - 0.98-acre lot, residential & commercial potential
    Where is this mixed-use property located?
    The property is located at 420 Plumosa St Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 1,120 sq ft single-family home on a 0.98-acre lot (approx. 42,689 sq ft), offering a unique blend of residential and commercial potential.; Building size: 1,120 sq ft.; Year built: 1960.
    (321) 403-1111
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    420 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
    420 Plumosa St Merritt Island, FL 32952
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