854 State Rd 21 Melrose, FL 32666-3953
This exceptional commercial property, located at 854 N State Road 21 in Melrose, Florida, presents a unique investment opportunity. Priced at $275,000, this mixed-use building boasts a prime location on State Road 21, just north of its intersection with State Road 26. The property enjoys high visibility with an average daily traffic count of 10,500 vehicles, ensuring maximum exposure for any commercial venture. Built in 1960, the building sits on a substantial 13,503.6 square foot lot and is currently leased on a month-to-month basis, offering immediate flexibility for the new owner. The C-2 zoning allows for a wide range of commercial uses, making it suitable for retail stores, office spaces, or other commercial enterprises. Importantly, the existing business and billboard are not included in the sale, providing a blank canvas for the buyer to customize the space to their specific needs. This property represents a compelling investment in a thriving area with significant growth potential. The property's address is 854 N State Road 21, Melrose, FL 32666. This is a rare opportunity to acquire a well-situated commercial building in a desirable location.
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
Property description
Physical attributes from public recordsZoning & alternative 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.