Located in the heart of Merritt Island, Florida, 426 S Plumosa St offers a unique investment opportunity for business owners and investors seeking a property with commercial potential.

Property Overview

• Type: Mobile/Manufactured Home
• Year Built: 1953
• Size: 564 square feet
• Bedrooms: 2
• Bathrooms: 1
• Lot Size: Approximately 0.46 acres (20,038 square feet)

This property features a modestly sized structure on a substantial lot, providing ample space for potential redevelopment or expansion to suit various commercial needs.

Zoning and Land Use

The property is zoned as BU-1 (General Retail Commercial), which permits a variety of commercial uses, including:

• Retail Stores
• Offices
• Personal Service Establishments

This zoning designation offers flexibility for business owners looking to establish or expand their presence in a thriving community.

Location Benefits

Situated in Merritt Island, this property benefits from:

• Proximity to Major Roads: Easy access to key thoroughfares enhances connectivity for customers and clients.
• Community Amenities: Close to shopping centers, schools, and recreational facilities, attracting consistent foot traffic.
• Growing Market: Merritt Island is experiencing development, increasing property values and business opportunities.

Investment Potential

For investors, 426 S Plumosa St offers several avenues:

• Commercial Development: Utilize the large lot for new construction tailored to specific business needs.
• Mixed-Use Potential: Explore opportunities to combine commercial and residential spaces, maximizing the property’s utility.
• Rental Income: Develop the property for lease to generate steady income from commercial tenants.

Considerations

• Flood Zone: A portion of the property lies within the AE flood zone, with a base flood elevation of 4.7 feet. This necessitates appropriate insurance and construction measures.
• Historical Sales Data: The property last sold in January 2015 for $47,500. Current market conditions should be assessed to determine present value.

Conclusion

426 S Plumosa St presents a versatile opportunity for commercial development in a prime location. Whether you’re looking to establish a new business, expand an existing one, or invest in commercial real estate, this property offers the potential to meet your objectives. Engage with local authorities and real estate professionals to fully understand the possibilities and make an informed decision.