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.
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
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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.