Commercial Sale · Mixed Use
307/309 STATE ROAD 26, MELROSE, FL, 32666
Active862 days on marketListed Mar 15, 2024MLS #GC520243
About this property
The property at a glance
The Melrose Center consists of two to of the most attractive buildings located in the heart of Melrose. The buildings represent a limited selection of commercial property that faces the main thoroughfare of Hwy 26, a major roadway running from Gainesville to Putnam Hall Fl. The front building, “The Studios of Melrose” consists of eleven mixed use offices ranging from health care providers to artist studios, to a multi-room art gallery. The building represents the Victorian four-square design that is a historic standard throughout the town. The Center is licensed as a fifty-seat full service restaurant with both inside and outside eating areas. The kitchen was fully renovated in 2021, with much of the equipment upgraded to brand new condition. The facility has both inside and outside stages which are used to showcase musicians on a weekly basis. The inside hall is also used to showcase local artists’ work. Certified by Visit Florida The Welcome and Information Center is officially certified by Visit Florida—a recognized State of Florida designation. It serves the broader Lake Area Region spanning Gainesville, Ocala, Palatka, St. Augustine, and Jacksonville, and is affiliated with all statewide Welcome Centers through Visit Florida. Unmatched Visibility Located between I-75 and I-95, this site sees 8,000–10,000 cars daily. It's not any ordinary spot – it's a combination restaurant, art house, and community gathering place. If you've ever dreamed of owning a place where food and art come together - the Melrose Center might just be your perfect opportunity.
6,006
Building sq ft
$158
Price / sq ft
0.76
Lot acres
2011
Year built
2
Buildings
C2
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$4,915/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
5,542
Population
$66,540
Median income
62.1
Median age
2.17
Avg household
$206,000
Median home value
$519/mo
Median rent
268
Households w/ kids
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 307/309 STATE ROAD 26 — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 307/309 STATE ROAD 26.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Listing courtesy of COLDWELL BANKER M.M. PARRISH REALTORS · Perry Pursell. MLS #GC520243.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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