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    OFF-MARKET
    Land

    38XX Us 1, Mims, FL 32754

    2.28 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.28-acre parcel boasts over 500 feet of high-visibility frontage on US Highway 1 in Mims, Florida, experiencing over 11,000 vehicles daily. The property is zoned AU, with a future land use designation of Neighborhood Commercial, making rezoning to BU-1A potentially straightforward. Approved uses include, but aren't limited to, professional offices, convenience stores, and personal service businesses. The land is high and dry, offering easy access to city water and utilities. Its strategic location provides convenient access to I-95, downtown Titusville (7 miles), and downtown Orlando (45 miles). This presents a remarkable opportunity for development, further enhanced by the availability of an additional 4.77 acres on an adjacent parcel to the east, totaling over 8 acres of contiguous land. The property's APN is 20-35-31-00-504. The asking price for this exceptional commercial property is $250,000.

    Property profile
    Verified
    Property type Land
    Lot 2.28 ac (99,317 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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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