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Merritt Avenue

Merritt Island, FL 32953

$2,200,000 $9,275/Mo

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Overview

3.54

Acres(Lot)

Description

Premium 3.5 Acres of Riverfront Land - Great Opportunity for developers, investors or even home owners! This unique property offers a blend of commercial and multifamily zoning, making it a versatile opportunity for a range of development projects. The property's split zoning consists of the following: - BU-1 Commercial Land: Over 2 acres with 340 feet of prime road frontage on N. Tropical Trail, perfect for retail, office, etc. - RU-2 Multifamily Land: A little over 1 acre with a maximum density of 12 units per acre, featuring 186 feet of direct riverfront and 378 feet of frontage on Merritt Avenue. Don't miss out on this rare opportunity to invest in prime riverfront real estate in Merritt Island! Whether you're looking to develop commercial space, multifamily housing, or a combination of both, this property offers the flexibility and visibility needed to succeed in today's market.

Property Details

Property Type : Land

Price : $2,200,000

AD Id : 68056629

MLS Id : 1060377

Lot Size : 3.54 Acres(Lot)

County : Brevard

Subdivision: Sunnyside Terrace

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water BodyName: Indian River Sewer: Unknown
Heating & Cooling

Water front: Yes WaterSource: None

Road Types

Asphalt, Concrete

County Road
Fencing

Chain Link
Fencing

Chain Link

Lot Information

Lot Description: Corner Lot, Dead End Street, Many Trees, Split Possible Lot Size Area: 3.54 Acres Lot Square Feet: 161,608 Waterfront: River Front

Property Information

Property Type: Land Sub Type: Unimproved Land Subdivision: Sunnyside Terrace MLS Area Minor: 251 - Central Merritt Island Source Neighborhood: Sunnyside Terrace

Listing Price Information

Listing Id: 1060377 ist Price: $2,200,000 Listing Terms Cash, Conventional, VA Loan
Listing Information

Possession: Close Of Escrow

Tax Information

Parcel Number: 24-36-35-26-00000.0-0001.00 Annual Tax: $9,275 Tax Year: 2023

Virtual Tour

Virtual Tour (External Link)

School Information

Elementary School: Mila

Elementary School District:

Junior High School: Jefferson

Senior High School: Merritt Island
Utility Information

Other
Location Information

Direction: From 520 head North on North Tropical Trail. Make a Left on Merritt Avenue. Lot is located on the left.

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
0000 Chase Hammock Road, Merritt Island, FL, 32953	$399,000	--	--	--	11.18 Acres(Lot)
Merritt Avenue, Merritt Island, FL, 32953	$2,200,000	--	--	--	154,203 Sqft(Lot)
1324 Panther Lane, Merritt Island, FL, 32953	$899,000	--	--	--	10 Acres(Lot)
N Unknown, Merritt Island, FL, 32953	$1,900,000	--	--	--	27.82 Acres(Lot)
Dalbora Road, Merritt Island, FL, 32953	$1,799,999	--	--	1,026,709	23.57 Acres(Lot)
2180 N Courtenay Parkway, Merritt Island, FL, 32953	$225,000	--	--	--	0.40 Acre(Lot)
132 Gator Drive, Merritt Island, FL, 32953	$107,990	--	--	--	0.57 Acre(Lot)
N Courtenay Parkway, Merritt Island, FL, 32953	$280,000	--	--	--	6.57 Acres(Lot)
478 Roosevelt Avenue, Merritt Island, FL, 32953	$64,900	--	--	6,098	0.14 Acre(Lot)
475 Pine Island Road, Merritt Island, FL, 32953	$135,000	--	--	--	4.89 Acres(Lot)