8490 Hwy Micco, FL 32976
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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.