About Merritt Avenue
Priced below recent Appraisal. 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. Space Coast launches are even visible from the property. 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.
Features of Merritt Avenue
| MLS® # | 1060377 |
|---|---|
| Price | $2,120,000 |
| Acres | 3.54 |
| Type | Land |
| Sub-Type | Unimproved Land |
| Status | Active |
Community Information
| Address | Merritt Avenue |
|---|---|
| Area | 251 - Central Merritt Island |
| Subdivision | Sunnyside Terrace |
| City | Merritt Island |
| County | Brevard |
| State | FL |
| Zip Code | 32953 |
Amenities
| Utilities | Other |
|---|---|
| View | River |
| Is Waterfront | Yes |
| Waterfront | River Front |
| Has Pool | Yes |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Corner Lot, Many Trees, Split Possible, Dead End Street |
|---|
School Information
| Elementary | Mila |
|---|---|
| Middle | Jefferson |
| High | Merritt Island |
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Reef Realty Florida LLC |
|---|