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    0000 Us Hwy 1 Hwy Mims, FL 32754

    Sponsored
    For Sale
    $450,000

    5.54-Acre Multifamily Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.54-acre commercial property in Mims, Florida, boasts 241,322.4 square feet of land and 350 feet of road frontage on US Highway 1. Zoned AU, EU-2, and B-1, it offers diverse development potential, including a potential flag lot for a residential estate combined with commercial ventures along the highway. The property's strategic location is just 1.5 miles north of the intersection of US-1 and State Road 46, providing easy access to I-95. Nearby amenities include the Indian River Golf Club (1.4 miles away, accessible via a rear trail), Jones Ave Boat Ramp, and Indian Riverfront Park (both 2.8 miles away). The asking price has been significantly reduced to $450,000, and seller financing may be available. This presents a unique opportunity to acquire a versatile property with significant development potential in a desirable location. The property's multiple zoning classifications allow for a wide range of uses, making it an attractive investment for both residential and commercial developers. Don't miss this chance to own a substantial piece of Brevard County real estate.

    Property Features for 0000 Us Hwy 1 Hwy

    General Information

    Property type
    Multifamily properties

    HighLights

    • $450,000 asking price.
    • 5.54‑acre lot (241,322.4 sq ft) with 350' of US‑1 frontage.
    • Multifamily property with AU, EU‑2, and B‑1 zoning classifications.
    • Located 1.5 miles north of the US‑1 and SR 46 intersection in Mims, FL, near I‑95.
    • Seller financing may be available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Mims
    County
    Brevard
    State
    Florida
    Longitude
    -80.9207737
    Latitude
    28.6710287

    Nearby Comparable

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Multifamily property - 5.54-Acre Multifamily Opportunity
    Where is this multifamily property located?
    The property is located at 0000 Us Hwy 1 Hwy Mims, FL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price.; 5.54-acre lot (241,322.4 sq ft) with 350' of US-1 frontage.; Multifamily property with AU, EU-2, and B-1 zoning classifications.
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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
    0000 Us Hwy 1 Hwy Mims, FL 32754
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