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Riverfront Commercial Development Site
New
For Sale
$6,000,000

1872 E Merritt Island Causeway, Merritt Island, FL 32952

BU-2 zoning allows a range of commercial uses, subject to county requirements and approvals.

Property Size3,696 SF
Price / SF$1,623
Days on Market7

Property Features for 1872 E Merritt Island Causeway

General Information

Standard status Active
Size 3,696 SF
Zoning Commercial/Residential/Office

Taxes and HOA fees

Annual Taxes $6,043

Amenities

Window Unit(s)
Heat Pump
Chain Link
Additional Parking, Attached, Parking Lot, Garage

Building Details

Building Size 3,696 SF
Year Built 1990
Stories 1
Listing Agency: Guettler Realty Group Inc.
Listed By: Carl Guettler · License #3242194
Source: Evrealestate
Added: Oct 7 Changed: Oct 12 Last Checked: Oct 12 at 7:46PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Guettler Realty Group Inc.

Investment Insights

Based on property information with market context.

This commercial land assemblage totals approximately 3.04 acres and includes an additional residential parcel of approximately 0.29 acres. The property has 485 feet of river frontage and is zoned BU-2, a commercial designation covering retail, warehousing and wholesale uses. Other uses or zoning changes would require applicable approvals; no alternative use is assured.

The site occupies a corner along E. Merritt Island Causeway (SR 520), where reported daily traffic exceeds 20,000 vehicles. A dedicated turning lane provides access to the property. Cocoa Beach is approximately 3 miles away, and the corridor connects with Port Canaveral and Kennedy Space Center.

Key Highlights

  • Approximately 3.04 acres, including an additional 0.29‑acre residential parcel
  • 485 feet of river frontage
  • BU‑2 zoning for retail, warehousing and wholesale commercial uses

Property Analytics

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Current Use

Cocoa Beach Jet ... (Bike/Boat/Book/etc) Store Funtime Boats & Parts ... Big Box & Wholesale Store Cocoa Beach Bait ... (Bike/Boat/Book/etc) Store Surf & Ski Water ... Boat Rental Service Italian Ice from ... Grocery & Convenience Store

Suggested Use

Top Pick Building Supply Real Estate Agency Restaurant Law Firm Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

247
Businesses Nearby
124k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 81% Shops & Services 18% Dining 1%
Walmart Superstores
100,819 visits/mo 0.4 miles
7-Eleven Shops & Services
7,311 visits/mo 0.1 miles
BP Shops & Services
5,727 visits/mo 0.2 miles
Tesla Motors Shops & Services
2,956 visits/mo 0.5 miles
Chevron Shops & Services
2,772 visits/mo 0.4 miles

Demographics for 32952, FL

20,670
Population
10,108
Households
2
Avg Household Size
52
Median Age
45%
College-Educated
96%
High-School Grad
12.3 sq mi
ZIP Area
1,680
Density / Sq Mi
$98,651
Median Household Income
$53,478
Median Earnings
$1,353
Median Rent
$404,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - BU-2 zoning allows a range of commercial uses, subject to county requirements and approvals.
Where is this commercial land located?
The property is located at 1872 E Merritt Island Causeway Merritt Island, FL.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Approximately 3.04 acres, including an additional 0.29‑acre residential parcel; 485 feet of river frontage; BU‑2 zoning for retail, warehousing and wholesale commercial uses
More about this property
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