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    373 Tropical Trl Merritt Island, FL 32952

    For Sale
    $339,000

    Rare Vacant Lot, Dual Zoning, High & Dry

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 37,026 square foot vacant lot presents a unique investment opportunity in Merritt Island, Florida. Located at 373 S Tropical Trail, zip code 32952, this property boasts a prime location with the potential for stunning views of the Indian River. The land is already cleared and fenced, saving significant time and expense for future development. Its dual zoning designation offers considerable flexibility. The front portion is zoned BU-1A, while the rear is zoned RU1-11, allowing for a variety of commercial and residential possibilities. This high and dry lot is a rare find in this desirable area of Brevard County. The asking price is $339,000. The property's convenient location, combined with its size and zoning versatility, makes it an ideal site for a diverse range of projects. Serious inquiries are encouraged to explore the full potential of this exceptional land parcel. The property is situated at latitude 28.3509723 and longitude -80.7034839. This is a truly remarkable opportunity to acquire a ready-to-build lot in a sought-after location.

    Property Features for 373 Tropical Trl

    General Information

    Property type
    Land

    HighLights

    • 37,026 SF vacant lot in Merritt Island, FL.
    • Located at 373 S Tropical Trail, 32952, with Indian River views.
    • Cleared and fenced, dual BU‑1A/RU1‑11 zoning.
    • High and dry lot, asking price $339,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.7034839
    Latitude
    28.3509723

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    FAQs

    What type of property is this?
    Land - Rare Vacant Lot, Dual Zoning, High & Dry
    Where is this land located?
    The property is located at 373 Tropical Trl Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $339,000.
    What are key features of this property?
    This property features: 37,026 SF vacant lot in Merritt Island, FL.; Located at 373 S Tropical Trail, 32952, with Indian River views.; Cleared and fenced, dual BU-1A/RU1-11 zoning.
    Request Owner's contact information
    373 Tropical Trl Merritt Island, FL 32952
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    Merritt Island, FL 32952
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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
    373 Tropical Trl Merritt Island, FL 32952
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