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0 Merritt Avenue, Merritt Island FL 32953

Commercial For Sale
$2,200,000

BTC: 28.90932983

ETH: 880.00000000

245 days
Waterfront
0 room(s)

Overview

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 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

Location

Florida • Merritt Island • 32953 • Commercial • For Sale • Waterfront

Details

Type:
Commercial Land
Parking:
No Data
Year Built:
No Data
Lot:
3.54 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$888,000
$116K – $5.8M
Confidence Low
List vs. estimate
$1.3M above estimate
List $2,200,000 · +147.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$8,724
2025
View
Intracoastal View
Waterfront
Intracoastal Front, Navigable Water
All facts and features

  • Property

    • Exterior Features: East Of Us1

    Lot

    • Lot: 3.54 Acres

    Other Property Information

    • Parcel Number: 243635261

    • Zoning: BU1 RU-2

  • Type and style

    • Property Type: Commercial Land

    • Property Sub Type: Agriculture

  • Utility

    • Electricity Connected

    • No Utilities

    • Water Connected

    • Electricity Available

    • None

    • Water Available

  • Other financial information

    • Annual tax amount: $8,724

  • Source details

    • MLS ID: R11153965

    Other facts

    • Lot Features: City Location / 3 To Less Than 4 Acre Lot / Corner Lot / East Of US 1 / Irregular Lot / Cleared Land / Treed Lot / Cleared

    • Direction Faces: East

    • Waterfront: Yes

    • Water Source: Public

    • Subdivision Name: SUNNYSIDE TERRACE

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
32953
11
median $299K
Active
Same city
Merritt Island
32
median $451K
Active
Same type
Commercial
4
median $26K
Active
Similar price
$1.5M – $2.9M
6
median $2.0M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Reef Realty Florida LLC