$2,200,000
Merritt Island, FL 32953
MLS# 1060377
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Property 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.
Details
Maps
Location, Tax, and Legal
Tax Account: 2426891
Parcel Number: 24-36-35-26-00000.0-0001.00
General County Location: Central
Elementary School: Mila
Middle School: Jefferson
High School: Merritt Island
Tax Annual Amount: 9274.88
Tax Year: 2023
Zoning Description: Commercial/Residential/Office
Directions: From 520 head North on North Tropical Trail. Make a Left on Merritt Avenue. Lot is located on the left.
General Property Information
Road Frontage Feet: 745
Number Of Lots: 1
Lot Size Acres: 3.54
Lot Dimensions Source: Public Records
Lot Size Square Feet: 161608
Association YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Water Body Name: Indian River
Water Frontage Feet: 186
Land Lease YN: No
Senior Community YN: No
CDD Fee YN: No
List Price/Acre: 621468.93
Currently Not Used
Pool Private YN: No
Remarks and Miscellaneous
Public Remarks: 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.
Current Use
Commercial: 1
Investment: 1
Medical/Dental: 1
Mini Storage: 1
Mixed Use: 1
Multi-Family: 1
Office: 1
Residential: 1
Retail: 1
Single Family: 1
Fencing
Chain Link: 1
Listing Terms
Cash: 1
Conventional: 1
VA Loan: 1
Lot Features
Corner Lot: 1
Dead End Street: 1
Many Trees: 1
Split Possible: 1
Other Structures
Other: 1
Possession
Close Of Escrow: 1
Water Body Access Type
Owned: 1
Road Frontage Type
County Road: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Sewer
Unknown: 1
Special Listing Conditions
Standard: 1
Utilities
Other: 1
View
River: 1
Water Source
None: 1
Waterfront Features
River Front: 1
Development Status
Raw Land: 1
Showing Requirements
Call Listing Agent: 1
Combination Lock Box: 1
Contract Information
Current Price: $2,200,000
Original List Price: 2200000
List Price: $2,200,000
Status: Active
Listing Contract Date: 2025-10-01
Property Sub Type: Unimproved Land
Location Tax and Legal
Street Name: Merritt
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32953
MLS Area Major: 251 - Central Merritt Island
Subdivision Name: Sunnyside Terrace
Status Change Information
Major Change Timestamp: 2025-10-24T11:59:07Z
Major Change Type: New Listing
Status Change Timestamp: 2025-10-24
Property Features
Current Use: Commercial; Investment; Medical/Dental; Mini Storage; Mixed Use; Multi-Family; Office; Residential; Retail; Single Family
Development Status: Raw Land
Fencing: Chain Link
Listing Terms: Cash; Conventional; VA Loan
Lot Features: Corner Lot; Dead End Street; Many Trees; Split Possible
Other Structures: Other
Possession: Close Of Escrow
Road Frontage Type: County Road
Road Surface Type: Asphalt; Concrete
Sewer: Unknown
Showing Requirements: Call Listing Agent; Combination Lock Box
Special Listing Conditions: Standard
Utilities: Other
View: River
Water Body Access Type: Owned
Water Source: None
Waterfront Features: River Front
Listing Office: Reef Realty Florida LLC
Last Updated: October - 27 - 2025
Information is deemed to be reliable, but is not guaranteed.