1872 E Merritt Island CSWY, Merritt Island, FL 32952
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1872 E Merritt Island CSWY, Merritt Island, FL 32952
1872 E Merritt Island CSWY, Merritt Island, FL 32952
1872 E Merritt Island CSWY, Merritt Island, FL 32952
1872 E Merritt Island CSWY, Merritt Island, FL 32952
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Jason Engle

Jason Engle

+1(321) 501-1335
$ 6,000,000
Est. payment /mo
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1872 E Merritt Island CSWY Merritt Island, FL 32952

2 Baths

3,696 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,696 sqft

Price per Sqft $1,623

Subdivision Banana River Park

MLS Listing ID 1089470

HOA Y/N No

Total Fin. Sqft 3696

Year Built 1990

Annual Tax Amount $6,043

Tax Year 2026

Lot Size 3.040 Acres

Acres 3.04

Property Sub-Type Mixed Use

Source Space Coast MLS (Space Coast Association of REALTORS®)

Land Area 3696

Property Description

RARE 3.04± ACRE 485 FEET OF DIRECT RIVERFRONT PROPERTY. INCREDIBLE DEVELOPMENT OPPORTUNITY - PREMIUM COMMERCIAL CORNER ON 520 CORIDOR. Launches from the river, Cocoa Beach 3 miles away, Cruise ship views almost every day! An exceptional opportunity to acquire approximately 3.04± combined acres of prime riverfront property at 1872 E. Merritt Island Causeway in Merritt Island, Florida. The offering combines the existing commercial property with an additional approximately 0.29-acre residential parcel, creating a substantial waterfront assemblage with outstanding frontage, visibility and redevelopment potential. Positioned on a premium commercial corner along highly traveled E. Merritt Island Causeway (SR 520), more than 20,000 vehicles pass the property daily, providing exceptional exposure for a commercial or destination waterfront use. A dedicated turning lane provides convenient access directly into the property, adding tremendous value for restaurant, retail, automotive, marine or other high-traffic commercial/residential, business concepts. This lot is currently zoned BU-2 - Retail, Warehousing and Wholesale Commercial, one of Brevard County's broad commercial zoning classifications. The existing zoning provides flexibility for a wide variety of commercial uses and may accommodate concepts such as a waterfront restaurant, boat sales and service operation, automobile dealership and other retail, service or marine-oriented businesses, subject to applicable county requirements, conditions and approvals. With approximately 3.04 acres assembled along the river, the property also presents an intriguing opportunity for a developer to explore alternative or higher-value uses through rezoning, Future Land Use amendments or other governmental approvals. Potential concepts could include a luxury waterfront condominium development, mixed-use waterfront project, boat condominium/dry-storage or marina-related development, or an exclusive single-family riverfront compound. The waterfront location is particularly compelling for marine and hospitality uses. A destination waterfront restaurant with outdoor dining, boat dealership or marine sales and service facility, or marina/boat condominium concept could capitalize on the rare combination of direct waterfront, prominent SR 520 exposure, substantial daily traffic and convenient property access. For residential developers, the size and waterfront setting create the potential to investigate a rezoning for multifamily or luxury condominium development. Alternatively, a buyer seeking an extraordinary private estate could explore converting the assemblage into an expansive 3+ acre single-family riverfront compound, offering privacy and waterfront space that are increasingly difficult to find on Merritt Island. Located on one of Merritt Island's primary east-west corridors, the property offers convenient access to Cocoa Beach, Port Canaveral, Kennedy Space Center and the surrounding Space Coast, while combining the visibility of a major commercial corridor with the appeal of direct riverfront. POTENTIAL DEVELOPMENT CONCEPTS INCLUDE: • Luxury waterfront condominium development • Destination waterfront restaurant with outdoor dining • Marina or boat condominium/dry-storage concept • Boat dealership, sales and service facility • Automobile dealership • Mixed-use commercial/residential waterfront development • Retail or professional commercial development • Private 3.04± acre riverfront residential compound 3.04± acres. Direct riverfront. Premium commercial corner. 20,000+ vehicles per day. Dedicated turning lane. BU-2 commercial zoning. A combination of attributes rarely available together on Merritt Island and an opportunity for an investor, developer or owner-user to create a signature Space Coast waterfront property. Buyer and buyer's representatives are responsible for independently verifying acreage, traffic counts, zoning, Future Land Use designation, density, permitted and conditional uses, environmental conditions, submerged-land rights, dock/marina feasibility, utilities, access, development standards and the availability or approval of any rezoning, variance, conditional use or Future Land Use amendment. No representation is made that any proposed alternative use or rezoning will be approved by Brevard County or any other governmental agency.

Location

State FL

County Brevard

Area 251 - Central Merritt Island

Direction From 520 and Milford Point Drive, Property is exactly on the corner of 520 and Miford Point Drive on the SE side of the River Corner

Body of Water Banana River

Interior

Heating Heat Pump

Cooling Window Unit(s)

Inclusions Furniture, Fixtures and Equipment, Business with Lease, Building & Land

Exterior

Exterior Feature ExteriorFeatures

Parking Features Additional Parking, Attached, Parking Lot

Fence Chain Link

Utilities Available Electricity Connected, Natural Gas Not Available

Waterfront Description Navigable Water,River Access,River Front,Intracoastal

Roof Type Membrane

Present Use Commercial,Mixed Use

Road Frontage City Street, County Road, State Road

Garage No

Building

Lot Description Cleared, Corner Lot

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 24-37-31-01-*-19

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

ParcelsYN Yes

Virtual Tour https://www.virtualtourcafe.com/mls/10012216

Space Coast Association of Realtors (Brevard MLS)
Listed by Guettler Realty Group
Jason Engle

Jason Engle

Real Estate Professional License ID: 3088321

+1(321) 501-1335

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1872 E Merritt Island CSWY