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    6455 Tropical Trl Merritt Island, FL 32953

    Sponsored
    For Sale
    $4,950,000

    29-Acre Development Site, Space Coast

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 29-acre commercial land parcel presents a rare development opportunity in Merritt Island, Florida. Ideally situated on N Tropical Trail (Route 3), this property offers unparalleled access to the thriving aerospace industry on the Space Coast. Its strategic location provides convenient commutes to Port Canaveral and Orlando International Airport via State Road 528 (Beachline Expressway). The site comprises four parcels totaling approximately 29 acres, providing ample space for a large-scale multifamily project. The property's frontage on N Tropical Trail ensures high visibility and accessibility. Furthermore, its proximity to the Merritt Island National Wildlife Refuge offers a unique natural buffer, providing a tranquil setting while remaining close to major transportation arteries and the dynamic aerospace sector. This is a prime location for investors seeking to capitalize on the area's robust growth and demand for housing near major employment centers. The asking price for this significant development opportunity is $4,950,000. The property's zip code is 32953, and its Brevard County location offers access to a wealth of amenities and infrastructure. This is a truly exceptional opportunity to develop a substantial multifamily project in a high-demand area.

    Property Features for 6455 Tropical Trl

    General Information

    Property type
    Land

    HighLights

    • $4,950,000 asking price.
    • 29‑acre commercial land parcel in Merritt Island, FL.
    • Located on N Tropical Trail with frontage on Route 3.
    • Excellent access to SR 528, Port Canaveral, and Orlando International Airport.
    • Proximity to Merritt Island National Wildlife Refuge.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Nail Salon Clothing Store Auto Repair Shop Wholesale Shop Auto Parts Store Bar & Pub Food Market HVAC Service Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.709272
    Latitude
    28.47344

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    FAQs

    What type of property is this?
    Land - 29-Acre Development Site, Space Coast
    Where is this land located?
    The property is located at 6455 Tropical Trl Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: $4,950,000 asking price.; 29-acre commercial land parcel in Merritt Island, FL.; Located on N Tropical Trail with frontage on Route 3.
    Request Owner's contact information
    6455 Tropical Trl Merritt Island, FL 32953
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6455 Tropical Trl Merritt Island, FL 32953
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