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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

892 Sr 21 Melrose, FL 32666

400 SF 0.3 ac lot Built 1955
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 892 N SR 21 in Melrose, Florida, presents a unique investment opportunity. The 400-square-foot building, constructed in 1955, sits on a 0.3-acre corner lot with commercial zoning. Recently remodeled, it offers versatile space suitable for various uses, including creative office, executive office, or storefront retail. Permitted uses encompass a wide range of retail sales (e.g., antique shop, art gallery, food service) and office space. The sale includes two lots, providing ample space for expansion or additional development. The adjacent vacant lot offers significant potential for future growth. An existing shed on the property adds to its functionality. High-speed Comcast business internet service is readily available. This property is ideal for entrepreneurs seeking a well-located, versatile space with expansion possibilities. The asking price is $165,000, translating to $412.50 per square foot. The property's address is 892 N State Road 21, Melrose, FL 32666 (Putnam County). Parcel ID: 18-09-23-0000-0740-0010 (second lot). This is a rare opportunity to acquire a prime commercial property in a thriving neighborhood.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1955
Total area 400 SF
Lot 0.3 ac (13,068 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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