100 Lucas RdMerritt Island, FL 32953

Property Details for 100 Lucas Rd

Year built

1968

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.35 AC

Property size (Sq ft)

1,652 SF

Zone code

BU1

Property type

Retail properties

Property subtype

Other car washes

APN

24-36-23-BX-00000.0-0031.03

APU

243623BX000000003103

Description

This exceptional mixed-use property at 100 Lucas Road, Merritt Island, FL 32953, presents a lucrative investment opportunity. Built in 1968, this two-story building sits on a substantial 15,246 square foot lot and offers a diverse range of income streams. Currently configured as a multi-use space, the property includes leasable office space, a two-bedroom residential unit on the upper floor, and a profitable car wash. An attached garage and a separate storage building provide additional utility and potential rental income. The property benefits from excellent visibility, with multiple signage locations, including prominent placement on Courtenay and Lucas Roads, and behind a 7-Eleven. Recent improvements include fresh paint and newer roofs, minimizing immediate maintenance needs. This well-maintained property is ideally situated in Brevard County, offering easy access to local amenities and a strong potential for continued growth. The asking price is $495,000. This is a rare chance to acquire a versatile, income-generating asset in a desirable Florida location. Contact us today to schedule a showing.

• CAP approach

  CAP return

  Valuation

  6%

  $613,027

  6.5%

  $565,871

  7%

  $525,452

• Comparable approach

  Method

  Valuation

  Relative Method

  $689,999

  Geo Method

  $653,722

• Alternative Use

  Use

  Valuation

  Residential

  $477,333

  Hospitality

  $437,235

  Educational

  $363,774

  Medical

  $376,285

  Retail

  $565,871

Location Insight

City

Merritt Island

County

Brevard

State

Florida

Latitude

28.3763

Longitude

-80.7025

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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