0 Grove St Merritt Island, FL 32953
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.
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
Similar Nearby for Lease
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.