2575 Us-1, Mims, FL 32754
This exceptional 3.02-acre commercial property in Mims, Florida, presents a unique investment opportunity. Located on US Highway 1, it boasts approximately 232 feet of highway frontage (per Brevard County Tax Roll). The property includes a substantial 3,040+-square-foot, two-story wood-frame home built in 1914, featuring an oversized 700+-square-foot attached two-car garage. The home offers ample living space, including three bedrooms and two baths downstairs, a living room, large kitchen, enclosed back porch, and a small storage cellar. Upstairs, there's an additional bedroom, bath, kitchen, and living room with both interior and exterior access. Both levels have separate electric meters, air conditioning, and heating systems. A functioning wood-burning fireplace adds character. Exterior amenities include a large front porch facing US-1, a 10x16 enclosed shed with power, and a 600-foot 6' board-on-board privacy fence. Over 50 mature trees enhance the property's beauty. The property's zoning is BU-1 Commercial and A-U AGG, allowing for multiple development possibilities. Its strategic location, approximately two blocks from the intersection of State Road 46 and US-1, places it within a rapidly growing area experiencing new retail, residential, and industrial development. State Road 46 provides convenient access to Orlando (approximately 45 minutes) and Titusville/Cocoa Beach (approximately 30 minutes). This prime location offers significant potential for future growth and development in the burgeoning Mims area of Brevard County on Florida's Space Coast. The asking price is $795,000.
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
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Risks
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