420 Plumosa St Merritt Island, FL 32952
This exceptional mixed-use property, located at 420 S Plumosa St, Merritt Island, FL 32952, presents a compelling investment opportunity. The property encompasses a sizable 0.98-acre lot (approximately 42,689 square feet), featuring a 1,120 square foot single-family home built in 1960. The flexible zoning allows for a diverse range of uses, seamlessly blending residential comfort with commercial possibilities. The expansive lot offers ample space for outdoor activities, additional parking, or future development projects. This strategic location in a thriving area of Merritt Island provides easy access to local amenities, schools, and major transportation routes, making it an attractive proposition for both residential and commercial ventures. The property's versatility makes it suitable for a variety of business endeavors or potential residential conversion. The substantial lot size and existing structure provide a solid foundation for immediate use and future expansion, making this a truly unique opportunity in Brevard County. The asking price for this remarkable property is $595,000. This one-story building presents a rare chance to acquire a significant parcel of land with existing improvements in a desirable location.
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
Similar Nearby for Sale
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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.