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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

8490 Hwy Micco, FL 32976

Built 1920
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 8490 Highway 1 in Micco, Florida, presents a unique investment opportunity. The 2-story, 43,995.6 sq ft lot features a well-established, 28-seat restaurant with a wine and beer license, boasting a proven track record of over 18 years in business. The property includes all owned equipment, a recently updated central air system, a newer septic system, and additional amenities such as a greenhouse, shed/storage, and a newer washer and dryer. The property also benefits from a second-floor owner's apartment complete with a stunning porch offering panoramic views of the Indian River Lagoon. Two convenient entrances directly off US Highway 1 provide ample parking in both the front and rear. The current seating capacity is 28, but the imminent completion of the sewer system is projected to significantly increase capacity to 180 seats, unlocking substantial growth potential. The seller estimates a gross profit between $140,000 and $180,000 annually following the sewer system upgrade. This turnkey operation, situated on approximately two acres of land, offers significant room for expansion and presents a rare chance to acquire a thriving business with substantial upside. The asking price is $55,000. The property is zoned for commercial use and consists of two units. The building was constructed in 1920.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1920
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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