For Sale
$55,000

8490 HwyMicco, FL 32976

Prime Micco, FL Retail Property

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional commercial property, located at 8490 Highway 1 in Micco, Florida, presents a unique investment opportunity. The 2-story, 43,995.6 sq ft lot features a well-established, 28-seat restaurant with a wine and beer license, boasting a proven track record of over 18 years in business. The property includes all owned equipment, a recently updated central air system, a newer septic system, and additional amenities such as a greenhouse, shed/storage, and a newer washer and dryer. The property also benefits from a second-floor owner's apartment complete with a stunning porch offering panoramic views of the Indian River Lagoon. Two convenient entrances directly off US Highway 1 provide ample parking in both the front and rear. The current seating capacity is 28, but the imminent completion of the sewer system is projected to significantly increase capacity to 180 seats, unlocking substantial growth potential. The seller estimates a gross profit between $140,000 and $180,000 annually following the sewer system upgrade. This turnkey operation, situated on approximately two acres of land, offers significant room for expansion and presents a rare chance to acquire a thriving business with substantial upside. The asking price is $55,000. The property is zoned for commercial use and consists of two units. The building was constructed in 1920.

Highlights

  • Established 28-seat restaurant with wine & beer license, operating for over 18 years.
  • 43,995.6 sq ft lot (approx. 2 acres) with two-story, 1920-built building.
  • Includes all owned equipment, updated HVAC, newer septic system, greenhouse, shed/storage, and washer/dryer.
  • Second-floor owner's apartment with Indian River Lagoon views.
  • Two US Highway 1 entrances with ample front & rear parking.
  • Sewer system upgrade pending, increasing seating capacity to 180, projected gross profit $140,000-$180,000 annually.

Property Details for 8490 Hwy

Property type
Retail properties, Land
Year Built
1920
Stories
2
Units
2

Location Insight

City
Micco
County
Brevard
State
Florida
Latitude
27.8730024
Longitude
-80.4981421
8490 Hwy, Micco, Florida

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8490 Hwy
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