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    3495 Spartina Ave Merritt Island, FL 32953

    For Sale
    $1,900,000

    1.47 Acres, Prime Location, Riverfront

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 64,033.2 square foot commercial and residential land parcel presents a rare opportunity in Merritt Island, Florida. Located at 3495 Spartina, this 1.47-acre property boasts 360 feet of cleared waterfront along the Indian River, enhanced by a newer seawall. The expansive lot offers breathtaking sunset views and frequent dolphin sightings. Its unique blend of commercial and residential zoning potential allows for diverse development options. Situated within a 10-mile radius of major aerospace employers such as SpaceX, NASA, and Blue Origin, this location provides unparalleled convenience and proximity to significant employment centers and technological advancements. The property's exceptional waterfront access and strategic location make it an ideal investment for those seeking a unique blend of natural beauty and high-growth potential. The asking price is $1,900,000. The property is situated in Brevard County, Florida, zip code 32953. This is a truly remarkable opportunity to own a piece of Merritt Island's vibrant and dynamic landscape.

    Property Features for 3495 Spartina Ave

    General Information

    Property type
    Land

    HighLights

    • 1.47‑acre commercial and residential land parcel in Merritt Island, FL (32953).
    • 64,033.2 square foot lot with 360 feet of cleared waterfront on the Indian River, including a newer seawall.
    • Breathtaking sunset views and frequent dolphin sightings.
    • Zoned for diverse commercial and residential development options.
    • Prime location within 10 miles of SpaceX, NASA, and Blue Origin, offering high growth potential.
    • Asking price: $1,900,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Auto Parts 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
    -80.7214884
    Latitude
    28.4187011

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    FAQs

    What type of property is this?
    Land - 1.47 Acres, Prime Location, Riverfront
    Where is this land located?
    The property is located at 3495 Spartina Ave Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 1.47-acre commercial and residential land parcel in Merritt Island, FL (32953).; 64,033.2 square foot lot with 360 feet of cleared waterfront on the Indian River, including a newer seawall.; Breathtaking sunset views and frequent dolphin sightings.
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    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
    3495 Spartina Ave Merritt Island, FL 32953
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