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    000 River Moorings Dr Merritt Island, FL 32953

    For Sale
    $200,000

    8.5 Acres, Prime Commercial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 8.5-acre commercial land parcel, located at 000 River Moorings in the exclusive Indian Bay subdivision of Merritt Island, Florida (zip code 32953), presents a unique investment opportunity. Boasting a substantial 370,260 square feet, this property offers unparalleled waterfront access on two sides, providing direct intercoastal open water access. Situated within a completely private community, this lot provides ample space for a variety of commercial developments, potentially including a family compound or large-scale project. The property's location in North Merritt Island combines tranquility with convenient access to local amenities and infrastructure. The asking price for this remarkable land is $200,000. This is a rare chance to acquire a significant waterfront commercial property in a highly desirable and exclusive Florida location. The latitude and longitude coordinates are 28.444131 and -80.7207487 respectively. This property is zoned for commercial use and is located in Brevard County. The expansive lot size allows for significant development potential, catering to a wide range of commercial ventures. The private community setting offers a unique blend of seclusion and accessibility.

    Property Features for 000 River Moorings Dr

    General Information

    Property type
    Land

    HighLights

    • 8.5‑acre commercial lot in Merritt Island, FL (32953), zoned for commercial use.
    • 370,260 square feet with double waterfront access and direct intercoastal waterway access.
    • Located in the exclusive, private Indian Bay subdivision.
    • Asking price: $200,000.
    • Offers significant development potential for various commercial ventures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Dental Office Building Supply Gym & Fitness Auto Repair Shop Accounting Firm Kitchen & Bath Bar & Pub HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.7207487
    Latitude
    28.444131

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    FAQs

    What type of property is this?
    Land - 8.5 Acres, Prime Commercial Land
    Where is this land located?
    The property is located at 000 River Moorings Dr Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: 8.5-acre commercial lot in Merritt Island, FL (32953), zoned for commercial use.; 370,260 square feet with double waterfront access and direct intercoastal waterway access.; Located in the exclusive, private Indian Bay subdivision.
    Request Owner's contact information
    000 River Moorings Dr Merritt Island, FL 32953
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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
    000 River Moorings Dr Merritt Island, FL 32953
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