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Property profile & analytics
OFF-MARKET
Land

850 Sr 21 Melrose, FL 32666

0.31 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.31-acre commercial land parcel presents a remarkable investment opportunity in Melrose, Florida. Ideally situated on 850 N SR 21, just one block from the intersection of SR 21 and SR 26, this property boasts 100 feet of frontage on a major thoroughfare, ensuring high visibility and accessibility. With an average daily traffic count exceeding 9,500 vehicles, this location offers unparalleled exposure for any retail or service-based business. The property is zoned C-2 commercial, providing flexibility for a wide range of commercial uses. Conveniently located in a vibrant community known for its frequent community events and art shows, which significantly increase weekend foot traffic, this site offers a unique blend of high traffic volume and community engagement. City water is readily available, and the flat, build-ready lot simplifies development. The APN is 18-09-23-0000-0871-0000. This is a rare opportunity to establish a thriving business in a high-demand location. Don't miss out on this chance to capitalize on the potential of this prime commercial land. The asking price is $175,000.

Property profile
Verified
Property type Land
Lot 0.31 ac (13,504 SF)
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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