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Property profile & analytics
OFF-MARKET
Land

307/309 State Road 26 Melrose, FL 32666

5,664 SF 0.76 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial property, listed at $999,999, presents a unique investment opportunity in Melrose, Florida. The property encompasses two attractive buildings totaling 5,664 square feet on a 0.76-acre lot, situated directly on Highway 26, a major thoroughfare connecting Gainesville and Putnam Hall. The main building, "The Studios of Melrose," features eleven mixed-use offices currently occupied by a diverse range of tenants, including healthcare providers and artists. This building showcases a historic Victorian four-square design, characteristic of Melrose's architecture. The property also includes a fully licensed, fifty-seat restaurant with both indoor and outdoor dining areas. The kitchen underwent a complete renovation in 2021, boasting largely brand-new equipment. The property further boasts both indoor and outdoor stages, regularly hosting musical performances and showcasing local artists' work. This versatile space functions as a restaurant, art gallery, and community hub, offering a unique blend of commercial uses. The property is zoned for mixed use and has an occupancy date of April 9, 2024. The APN is 18-09-23-5670-0000-0610. This is a rare chance to acquire a thriving, established business with significant potential for growth in a desirable location.

Property profile
Verified
Property type Land
Total area 5,664 SF
Lot 0.76 ac (33,106 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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