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351 N Shannon Ave Indialantic, FL 32903

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For Sale
$869,000

Income-producing triplex one block from the Atlantic Ocean.

Property Features for 351 N Shannon Ave

General Information

Property type
Investment
Standard status
Active

Building Details

Year built
1962

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Listing Contact
Tamara Lima
Tamara Lima
Source: Elliman

Listing Agent: Tamara Lima

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Coastal Triplex Near the Beach

This fully occupied, income-producing triplex is located one block from the Atlantic Ocean along Second Avenue in Brevard County. Situated on an oversized 0.34-acre corner lot, this property features 7 bedrooms and 5 bathrooms, offering approximately 3,579 square feet under air. The property benefits from stable in-place rental income and long-term upside potential. Dual street frontage enhances future design flexibility, access, and exit optionality. The zoning and lot size present multiple value-add and redevelopment strategies, including potential townhome development or unit reconfiguration for higher rents. The coastal location, limited surrounding inventory, and walk-to-beach proximity support durable rental demand and appreciation. The property is located in a prime Indialantic location steps from the beach, dining, and local amenities. This area is known for limited supply, strong tenant demand, and long-term coastal value. It is well-suited for investors or developers seeking immediate cash flow with repositioning or redevelopment potential. The property is being sold as-is and is cash only.
Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Indialantic
County
Brevard
State
Florida
Longitude
-80.5693733
Latitude
28.0928676

FAQs

What type of property is this?
Triplex - Income-producing triplex one block from the Atlantic Ocean.
Where is this triplex located?
The property is located at 351 N Shannon Ave Indialantic, FL.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: - One block from the Atlantic Ocean in a supply-constrained beachside location.; - Fully occupied triplex generating immediate rental income.; - Oversized 0.34-acre corner lot with dual street frontage.
More about this property
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