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Shopping Center with Available Suite
For Sale
$2,980,000

880 N Banana River Dr, Merritt Island, FL 32952

Commercial Sale, Merritt Island, FL

Property Size26,900 SF
Lot Size2.55 Acres
Price / SF$110.78
Days on Market294

Property Features for 880 N Banana River Dr

General Information

Property type Residential
Property subtype Retail
Bathrooms 12
Full bathrooms 12
Rooms Bathroom 3, Bathroom 9, Bathroom 7, Bathroom 10, Bathroom 1, Bathroom 8, Bathroom 6, Bathroom 2, Bathroom 4, Bathroom 5, Bathroom 12, Bathroom 11
Parking features Parking Lot
Directions sSR520 TO NORTH ON S. Banana Rd Property is on the east side of the road
Subdivision 251 - Central Merritt Island
Standard status Active
Size 26,900 SF
Lot size 2.55 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Tax Account # 2437360
Tax Annual Amount 22815
Legal Description Tax Account # 2437360

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1970
Floors in Building 1
Number of units 7
Building materials Block, Stucco
Listing Agency: Realty World Curri Properties
Listed By: Eugene B Artusa · License #655885
Added: Dec 17, 2025 Changed: Sep 13 Last Checked: Oct 7 at 3:06AM
MLS# 1064498

Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This shopping center contains 26,900 square feet on a 2.55-acre parcel at 880 N Banana River Dr in Merritt Island. The property was built in 1970 and uses block-and-stucco construction, with a parking lot serving the center. One vacant unit provides 2,200 square feet of available space within the property.

A roof replacement completed in 2019 is among the documented improvements. The center is connected to public water and public sewer, supporting its existing retail configuration. The property is located in Merritt Island, Florida, within Brevard County.

Key Highlights

  • 26,900‑square‑foot shopping center on 2.55 acres
  • One vacant 2,200 SF unit
  • New roof completed in 2019

Property Analytics

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Current Use

Coastal Elite Gym & Fitness Center

Suggested Use

Top Pick Law Firm Restaurant Real Estate Agency Hair Salon Auto Repair Shop Spa & Massage Center

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

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

85
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 96% Dining 4%
Chevron Shops & Services
5,169 visits/mo 0.1 miles
Marathon Shops & Services
4,137 visits/mo 0.1 miles
The Pizza Company Dining
422 visits/mo 0.1 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?
Shopping center - Block-and-stucco retail property with on-site parking, public water, and public sewer service.
Where is this shopping center located?
The property is located at 880 N Banana River Dr Merritt Island, FL.
What is the asking price?
The asking price for this property is $2,980,000.
What are key features of this property?
This property features: 26,900‑square‑foot shopping center on 2.55 acres; One vacant 2,200 SF unit; New roof completed in 2019
More about this property
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