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Property profile

12975 12975 Fellsmere, FL 32948

OFF-MARKET
Mixed-use properties
1.24 ac lot Built 1950
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Property summary

AI-generated overview

This exceptional investment opportunity presents a rare chance to acquire a mixed-use property in Fellsmere, Florida. The property encompasses a generous 1.68 acres of land, zoned C-2, offering significant potential for a variety of commercial ventures. The site features two existing buildings, providing immediate income potential or the flexibility to renovate and repurpose. The primary building boasts a substantial 2,622 square feet of space, constructed in 1950. Its age offers character and charm, while its size provides ample room for various commercial uses. A second building, a 1,940 square-foot garage constructed in 1953, adds further versatility. This structure could be utilized for storage, workshop space, or potentially converted to additional commercial space depending on local regulations and permits. The 1.24-acre lot provides ample room for expansion, parking, or outdoor commercial activities. The C-2 zoning allows for a wide range of commercial uses, making this property an attractive investment for both seasoned developers and entrepreneurs seeking a prime location in Fellsmere. The property's strategic location and flexible zoning create a compelling opportunity for significant return on investment. Serious inquiries are encouraged to explore the full potential of this unique offering. The property is priced at $550,000.

Property profile

Verified
Property type Mixed-use properties
Year built 1950
Lot 1.24 ac (54,014 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12975 12975 Fellsmere, FL 32948
Fellsmere metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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