0 121 St Fellsmere, FL 32948
This exceptional 10-acre property, located at 0 121st Street in Fellsmere, Florida (zip code 32948), presents a unique opportunity for both commercial and residential development. The expansive 435,600 square foot lot is situated just one lot from a paved road, offering convenient access. The land is currently improved with a fenced, cleared pasture, a 1500 square foot barn equipped with stalls, and a significant amount of fill dirt previously used for a dirt bike track. This existing fill dirt could potentially be utilized to create building pads for residential or commercial structures. The property's versatility makes it ideal for a variety of uses, from building a dream home and establishing a small farm with space for horses and other animals, to developing a commercial venture. The property's location in Indian River County, Florida, offers a desirable blend of rural tranquility and convenient access to local amenities. While measurements are approximate, this substantial parcel of land represents a compelling investment opportunity in a rapidly growing area. The asking price for this exceptional property is $490,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.