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    1615 Stafford Ave Merritt Island, FL 32952

    Sponsored
    For Sale
    $1,000,000

    Prime waterfront land, 16 lots, buildable.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 119,790 square foot mixed-use property in Merritt Island, Florida (zip code 32952), presents a unique investment opportunity. Located at 1615 Stafford Avenue, Brevard County, this expansive parcel offers breathtaking views: water, rocket launches, cruise ships, and the Cocoa Beach skyline. Sunrises and moonrises add to the spectacular scenery. The property comprises sixteen platted lots, some with completed wetland mitigation, ready for immediate development. The site's strategic location provides easy access to numerous amenities, including a county park boasting basketball courts, soccer and football fields, tennis courts, kayaking, sailboarding, windsurfing, fishing, boat ramps, playgrounds, picnic areas, a beach, water sports equipment rentals, and extensive jogging and walking trails. The property's zoning allows for a variety of commercial uses, including, but not limited to, hotels, mini-storage facilities, cruise parking lots, retail centers, and gas stations, all under BU-1 permitted development. The property is also ideally situated for short-term rentals, such as Airbnbs. The asking price is $1,000,000. This is a rare chance to acquire a large, versatile property with stunning views and exceptional recreational opportunities in a high-demand location.

    Property Features for 1615 Stafford Ave

    General Information

    Property type
    Mixed-use properties

    HighLights

    • 119,790 SF mixed‑use property in Merritt Island, FL (32952), located at 1615 Stafford Avenue.
    • Stunning water views, rocket launches, and Cocoa Beach skyline.
    • Sixteen platted lots, some with completed wetland mitigation.
    • BU‑1 zoning allows for hotels, mini‑storage, retail, and gas stations.
    • $1,000,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Building Supply Auto Repair Shop Gym & Fitness Kitchen & Bath Department Store 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
    -80.664242
    Latitude
    28.401982

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    FAQs

    What type of property is this?
    Mixed-use property - Prime waterfront land, 16 lots, buildable.
    Where is this mixed-use property located?
    The property is located at 1615 Stafford Ave Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 119,790 SF mixed-use property in Merritt Island, FL (32952), located at 1615 Stafford Avenue.; Stunning water views, rocket launches, and Cocoa Beach skyline.; Sixteen platted lots, some with completed wetland mitigation.
    Request Owner's contact information
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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
    1615 Stafford Ave Merritt Island, FL 32952
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