351 N Shannon Ave Indialantic, FL 32903
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
Source:
Elliman
Listing Agent: Tamara Lima
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
Location Insight
- Map
- Local Demand
- City
- Indialantic
- County
- Brevard
- State
- Florida
- Longitude
- -80.5693733
- Latitude
- 28.0928676
Nearby Similar for Sale
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.
