This exceptional 4.85-acre commercial land parcel presents a remarkable investment opportunity in Melrose, Florida. Strategically located at the intersection of State Road 21 and County Road 214, this property boasts nearly 500 feet of frontage on the heavily trafficked SR 21, a major thoroughfare connecting Jacksonville and Gainesville. Its "Commercial Intensive" zoning allows for a wide range of commercial uses, making it ideal for businesses seeking high visibility and accessibility. The site's location between Keystone Heights and Melrose taps into an underserved market ripe for development, catering to both local and regional businesses. This almost 5-acre lot offers significant potential for various commercial ventures, from retail and office spaces to hotels, restaurants, or other commercial enterprises. The property's APN is 06185-0-00300, and its address is 0 N. SR 21, Melrose, FL 32666. The asking price is $299,000, and owner financing may be considered, enhancing the attractiveness of this exceptional opportunity. This prime location and flexible zoning make this property a truly compelling investment prospect. Alachua County location provides access to a growing market.
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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