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$2,200,000 Just Listed
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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
Full Property Details
Full Property Details for Merritt Ave
General
- Price: $2,200,000
- Taxes: $8,724 (2025)
- Status: Active
- Type: Lots/Land
- Source: Regional
- MLS ID: RX-11153965
- Updated: 1/13/2026
- Added to Site: 4 day(s) ago
Location
- Area: IR71
- County: Brevard
- Subdivision: Sunnyside Terrace
- Driving Directions: From 520 head North on N. Tropical Trail. Make a left on Merritt Ave lot is located on the left.
- Location Details: City
Community
- Home Owners Assn.: None
Utilities
- Utility Description: Electric, Public Water
- Onsite: None
Structural Information
- Architectural Style: Vacant Land
- Description/Design: Commercial, Multi-Family Med Den
Lot Features
- Property View: Intracoastal
- Lot Size (Acres): 3.54
- Street/Road Desc.: City/County Maint.
- Grounds/Landscape: Weeds
- Development Status: Recorded Plat
- Land Improvements: Cleared
- Potential Use: Commercial Land, Unimprovd Bus/ Com, Unimproved Multi-Fam
- Trees/Vegetation: Mostly Oak
- Zoning: BU1 RU-2
- Lot Description: 3 to < 5 Acres, Corner Lot, East of US-1, Irregular Lot, Paved Road, Public Road, Treed Lot
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Intracoastal, Navigable
- Water Front Feet: 186
Financial Considerations
- Price Per Acre: $621,468.93
- Tax Amount: $8,724.91
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Documents Avail.: Survey
- Legal Description: SUNNYSIDE TERRACE ALL LOTS 1 TO 9, 11 TO 14, 19, 20 & VAC ADJ RDS & PART OF LOTS 10, 15, 18 & VAC KINGS LN AS DESC IN
- APN: 24363526*1
Listed by Reef Realty Florida LLC
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Price & Sales History for Merritt Ave
Date
Details
Price
Change
Source
1/13/2026
Listed
$2,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for Merritt Ave
Merritt Avenue, Merritt Island, FL 32953 (MLS# RX-11153965) is a Lots/Land property with a lot size of 3.54 acres. Merritt Avenue is currently listed for $2,200,000 and was received on January 13, 2026. Want to learn more about Merritt Avenue? Do you have questions about finding other Lots/Land real estate for sale in Merritt Island? You can browse all Merritt Island real estate or contact a Coldwell Banker agent to request more information.

