8744 State Rd 21 Melrose, FL 32666-8809
This exceptional 3,412 square foot commercial property, situated on 1.32 acres at 8744 State Road 21 in Melrose, Florida, presents a remarkable investment opportunity. Its prime location on a busy thoroughfare, just blocks from Lake Santa Fe, ensures high visibility and substantial foot traffic. The property comprises three parcels and features a robust, solid block building ideally suited for a variety of commercial uses. A significant portion of the property is designed as a car lot, offering ample space for vehicle display and showcasing inventory to passing motorists. The building itself is intelligently divided into three distinct sections, providing flexibility for diverse business needs. These sections could easily be configured as sales offices, customer service areas, or maintenance/detailing bays, allowing for a customized layout to meet specific operational requirements. A key advantage is the existing, established U-Haul rental operation, generating a consistent and reliable income stream. This turnkey operation offers a unique blend of functionality, versatility, and profitability, making it an attractive proposition for discerning entrepreneurs seeking a well-established and income-producing commercial property in a desirable location. The asking price is $499,000.
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CrossPoint Church Church
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Magic Imports Car Dealership
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U-Haul Neighborhood Dealer Car Rental Facility
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
BA · Melrose, FLMelrose. Always verify with local authorities before improvements.
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.