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Property profile & analytics
OFF-MARKET
Land

0 Grove St Merritt Island, FL 32953

Property ID
Property summary
AI-generated overview

This exceptional 13,068 square foot commercial lot in Merritt Island, Florida, presents a remarkable opportunity for development. Located at 0 N N. Grove, zip code 32953, this property boasts significant infrastructure already in place, saving considerable time and expense. The lot features 18 existing parking spaces, a concrete dumpster pad, and ample room for new construction. Utilities are conveniently connected, including a water meter, power meter, and sewer hookup. An existing electric panel and street lighting enhance the site's functionality. A fully automatic sprinkler system is also in place. This double lot is situated in the desirable Merritt Park Place area, offering excellent visibility and accessibility. The property's existing infrastructure and convenient location make it ideal for a variety of commercial ventures. The asking price is $190,000. Don't miss this chance to acquire a turnkey commercial lot ready for immediate development. Contact us today to learn more.

Property profile
Verified
Property type Land
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
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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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