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    10190 Tropical Trl Merritt Island, FL 32952

    For Sale
    $1,200,000

    Prime Riverfront Commercial Land, 50,965 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 50,965 square foot commercial land parcel presents a rare investment opportunity in Merritt Island, Florida. Located at 10190 S Tropical Trail, zip code 32952, this property boasts a highly desirable location on the prestigious South Tropical Trail. The expansive lot offers breathtaking sunrise and sunset views, a significant advantage for any commercial development. A key feature is its unique river-to-river frontage, providing approximately 110 feet of access to the Indian River and just under 100 feet to the Banana River. This dual waterfront access presents unparalleled potential for a variety of commercial ventures. The property's size and location make it ideal for a range of commercial uses, offering significant development possibilities. The asking price for this remarkable property is $1,200,000. Situated in Brevard County, this land parcel is conveniently located in Merritt Island, Florida, offering easy access to local amenities and transportation routes. Don't miss this chance to acquire a truly exceptional commercial property in a prime location. This is a once-in-a-lifetime opportunity to secure a piece of Merritt Island's coveted waterfront real estate.

    Property Features for 10190 Tropical Trl

    General Information

    Property type
    Land

    HighLights

    • $1,200,000 asking price.
    • 50,965 square foot commercial land parcel.
    • Located at 10190 S Tropical Trail, Merritt Island, FL 32952.
    • Situated in Brevard County, Florida.
    • Over an acre of riverfront property with access to both the Indian River and Banana River.
    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 Auto Repair Shop Hair Salon Clothing Store Nail Salon 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
    -80.621808
    Latitude
    28.175377

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    FAQs

    What type of property is this?
    Land - Prime Riverfront Commercial Land, 50,965 SF
    Where is this land located?
    The property is located at 10190 Tropical Trl Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price.; 50,965 square foot commercial land parcel.; Located at 10190 S Tropical Trail, Merritt Island, FL 32952.
    Request Owner's contact information
    10190 Tropical Trl 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
    10190 Tropical Trl Merritt Island, FL 32952
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