892 Sr 21 Melrose, FL 32666
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.
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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