About This Home
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
Facts & Features
22 detailsOverview
- List Price
- $2,200,000
- Lot Size
- 3.54 acres
- Property Type
- Land & Docks
- Sub-Type
- Unimproved Land
- Standout Features
- City WaterCorner LotNo HOA
Exterior & Construction
- Direction Faces
- East
- Zoning
- BU1 RU-2
- Lot Features
- Corner LotIrregular LotMany TreesCleared
- View
- Intracoastal
Utilities & Green Energy
- Utilities
- Electricity AvailableWater AvailableNone
- Water Source
- Public
Location & Schools
- Address
- 0 Merritt Avenue, Merritt Island, FL 32953
- City
- Merritt Island
- County
- Brevard
- Zip Code
- 32953
- Subdivision
- SUNNYSIDE TERRACE
- State
- FL
Financial & Tax
- Parcel Number
- 243635261
Listing & MLS
- MLS #
- R11153965
- Listing Agent
- Keith Krodel
- Listing Office
- Reef Realty Florida LLC
- Listing Updated
- May 19, 2026
Monthly Cost
Estimated with 20% down ($440,000), 30-yr fixed at 6.5%
- Principal & interest
- $11,124
- Property taxes
- $2,017
- Home insurance
- $1,100
Estimate only — not a loan offer or pre-approval. Taxes estimated at 1.1% of price per year; insurance estimated at 0.6% of price per year.
Price & Status History
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History shown as reported by BeachesMLS. Information deemed reliable but not guaranteed.
Location & Flood Zones
0 Merritt Avenue, Merritt Island, FL 32953
Merritt Island, FL 32953
SUNNYSIDE TERRACE
Listed by
Keith Krodel
Reef Realty Florida LLC
MLS #R11153965. Information deemed reliable but not guaranteed. Listing information last updated May 19, 2026.
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- Principal & interest
- $11,124
- Property taxes
- $2,017
- Home insurance
- $1,100
- Loan amount
- $1,760,000
Taxes estimated at 1.1% of price per year. Insurance estimated at 0.6% of price per year. Estimate only — not a loan offer or pre-approval.
