1917 Murrell Rd Rockledge, FL 32955
This exceptional 1.55-acre commercial lot in Rockledge, Florida, presents a unique investment opportunity. Located at 1917 Murrell Rd, this shovel-ready corner property boasts approximately 227.5 feet of frontage on Murrell Road and approximately 309 feet on Pine Cove Boulevard. The property benefits from existing city water and sewer connections already stubbed in, two on-site fire hydrants, and installed sidewalks. A shared retention system is in place, simplifying development. The site is at grade, eliminating significant site preparation costs. The C-2 General Commercial zoning allows for a wide range of uses, including offices, restaurants, retail stores, hotels/motels, child care facilities, and entertainment venues. Conveniently located just under a tenth of a mile south of Eyster Road and west of US Highway 1, this property offers excellent visibility and accessibility. A cross easement provides ingress and egress from Pine Cove Road to Eyster Boulevard, offering flexibility in future building design. The adjacent Water Whirled Car Wash is also available for purchase separately. This is a truly remarkable opportunity to build your dream commercial project in a prime Rockledge location. The APN is 25-36-09-00-767. The asking price is $575,000.
The C2 zone are intended to apply to an area developed to business establishments which serve all portions of the city and the metropolitan area, or which by its location, trend of development or planned development designated in the comprehensive plan, is appropriate to such use
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
C2 · Rockledge, FLThe C2 zone are intended to apply to an area developed to business establishments which serve all portions of the city and the metropolitan area, or which by its location, trend of development or planned development designated in the comprehensive plan, is appropriate to such use
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.