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    110 Mcleod St Merritt Island, FL 32953

    For Lease
    $24 SF/Yr

    Unique 1,444 sq ft Venue, High Potential

    Lot size:
    1,444 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1,444 square foot special purpose property, located at 110 McLeod Street in Merritt Island, Florida (zip code 32953), sits on a 0.31-acre lot (APN: 24-36-35-32-0000e.0-0014.00). The single-tenant building offers a unique opportunity for a variety of businesses. Currently established as a well-regarded local gathering place, this property presents limitless potential beyond standard bar, restaurant, or music venue uses. Its versatility makes it ideal for events such as weddings, birthdays, and anniversaries. Alternatively, this iconic location is perfect for entrepreneurs seeking to establish their own unique concept. The property's prime location in Merritt Island, Florida, provides excellent visibility and accessibility. The single-suite building offers a cohesive and manageable space for a diverse range of business ventures. This is a rare opportunity to acquire a well-established property with significant upside potential in a desirable location. The property's existing infrastructure and established reputation provide a strong foundation for future success. Serious inquiries are encouraged to explore the possibilities this unique property offers.

    Property Features for 110 Mcleod St

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,444 SF

    Unit(s) available at that property

    Space
    Size
    1,444 SF
    Rate per SF
    $24

    HighLights

    • 1,444 SF special‑purpose building on a 0.31‑acre lot in Merritt Island, FL (32953).
    • Single‑tenant building with high visibility and accessibility.
    • Currently operating as a successful local gathering place, suitable for diverse uses including events.
    • Offers significant upside potential for various businesses or unique concepts.
    • Established reputation and existing infrastructure provide a strong foundation for future success.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BALIBAR Wines & Finds Bar Bali Cottages Vacation Home Rental Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.7010031
    Latitude
    28.3583179

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    FAQs

    What type of property is this?
    Specialty property - Unique 1,444 sq ft Venue, High Potential
    Where is this specialty property located?
    The property is located at 110 Mcleod St Merritt Island, FL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 1,444 SF special-purpose building on a 0.31-acre lot in Merritt Island, FL (32953).; Single-tenant building with high visibility and accessibility.; Currently operating as a successful local gathering place, suitable for diverse uses including events.
    Request Owner's contact information
    110 Mcleod St Merritt Island, FL 32953
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    Merritt Island, FL 32953
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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
    110 Mcleod St Merritt Island, FL 32953
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