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Property profile & analytics
OFF-MARKET
Commercial real estate

426 Plumosa St Merritt Island, FL 32952

20,038 SF 0.46 ac lot Built 1953
Property ID
US18-3110211
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1953
Total area 20,038 SF
Lot 0.46 ac (20,038 SF)
UPID US18-3110211
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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