100 Lucas Rd Merritt Island, FL 32953-4517
This exceptional mixed-use property at 100 Lucas Road, Merritt Island, FL 32953, presents a lucrative investment opportunity. Built in 1968, this two-story building sits on a substantial 15,246 square foot lot and offers a diverse range of income streams. Currently configured as a multi-use space, the property includes leasable office space, a two-bedroom residential unit on the upper floor, and a profitable car wash. An attached garage and a separate storage building provide additional utility and potential rental income. The property benefits from excellent visibility, with multiple signage locations, including prominent placement on Courtenay and Lucas Roads, and behind a 7-Eleven. Recent improvements include fresh paint and newer roofs, minimizing immediate maintenance needs. This well-maintained property is ideally situated in Brevard County, offering easy access to local amenities and a strong potential for continued growth. The asking price is $495,000. This is a rare chance to acquire a versatile, income-generating asset in a desirable Florida location. Contact us today to schedule a showing.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
BU1 · Merritt Island, FLMerritt Island. Always verify with local authorities before improvements.
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.