426 Plumosa St Merritt Island, FL 32952
This exceptional mixed-use property, located at 426 S Plumosa St in Merritt Island, Florida (zip code 32952), presents a unique investment opportunity. The property encompasses a substantial 20,038 square feet on a 0.46-acre lot, featuring a single building constructed in 1953. Priced at $285,000 ($14.22 per square foot), this offering provides significant potential for redevelopment or renovation. The existing structure is a 564 square foot manufactured home, offering a blank canvas for creative vision. Its Residential Commercial zoning allows for flexible use, catering to a variety of residential and commercial ventures. Situated in a thriving Brevard County community, this property benefits from convenient access to amenities, schools, and transportation routes. The property's ample land area and strategic location within a growing market make it an attractive investment with potential for long-term appreciation. This is an ideal opportunity for investors seeking a versatile property with significant upside in a desirable Florida location. The property's size and zoning flexibility offer a multitude of development options, from residential conversion to commercial ventures, or a combination of both. This presents a chance to capitalize on the increasing demand for both residential and commercial spaces in Merritt Island.
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
Similar Nearby for Lease
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.