8490 Hwy Micco, FL 32976

Property Details for 8490 Hwy

Year built

1920

Property type

Retail properties

Property subtype

Land

Description

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.

Location Insight

City

Micco

County

Brevard

State

Florida

Longitude

-80.4981

Latitude

27.873