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    117 Franklyn Ave Indialantic, FL 32903

    Sponsored
    For Sale
    $625,000

    Prime Indialantic lot, beach access, build your dream home.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11,326 square foot lot presents a unique investment opportunity in the highly desirable Indialantic, Florida, area. Located at 117 Franklyn Avenue, this property boasts a prime location just steps from the beach and minutes away from the vibrant downtown area, offering easy access to dining, nightlife, and other amenities. The lot is cleared and sits at a high elevation, providing a desirable building site. Flexible zoning allows for the construction of either a single-family home or a duplex, maximizing potential returns. Access is available from two streets, adding to the property's versatility. Comparable lots of similar size (0.23 acres) are currently selling for over $625,000, making this a compelling investment at the asking price. The proximity to the beach, less than 1,000 feet away, is a significant advantage, offering residents the convenience of easy beach access for morning walks, sunset views, and recreational activities. Considering that new constructions on comparable lots in the neighborhood are selling for $1.5 million, this property represents a remarkable opportunity to build a dream home or vacation retreat at a significantly lower cost. The property is zoned to allow for a single family home or a duplex/triplex/quadruplex. This is one of the last double lots available in this sought-after location. Don't miss this chance to secure your piece of paradise in Indialantic.

    Property Features for 117 Franklyn Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • Exceptional 11,326 sq ft lot in desirable Indialantic, FL.
    • Prime beach location, minutes from downtown amenities.
    • Cleared lot, high elevation, ideal building site.
    • Flexible zoning allows single‑family home or duplex construction.
    • Dual street access.
    • Comparable lots sell for over $625,000; this represents a compelling investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indialantic
    County
    Brevard
    State
    Florida
    Longitude
    -80.5716416
    Latitude
    28.0990503

    Nearby Comparable

    • $869,000

      Coastal Triplex Near Beach

      Triplex near the beach with redevelopment potential.
      351 N Shannon Ave, Indialantic, FL 32903
      View Details
    • $459,900

      Indialantic Beachside Commercial Land

      Prime .30-acre lot, build your dream.
      435 Michigan Ave, Indialantic, FL 32903
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    • New
      $629,000
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      Indialantic Duplex Near Beach

      Two-story duplex near beach, river, and downtown Indialantic.
      435 3Rd Ave, Indialantic, FL 32903
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    • Contact for pricing

      Prime Location Opportunity

      Building or ground lease opportunity on approximately 0.84 acres.
      441-445 5Th Ave, Indialantic, FL 32903
      View Details
    • $2,250,000
      4,455 SF

      Indialantic Triplex: Short-Term Rental Ready

      Turn-key triplex in Indialantic Tourist District, ideal for short-term rentals.
      312 Wavecrest Ave, Indialantic, FL 32903
      View Details
    • $549,000

      Indialantic Commercial Land - $549K

      Prime ocean-view lot, commercial/residential zoning.
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      Indialantic Mixed-Use Corner Lot

      Prime Oceanfront Commercial Lot, Build Your Dream!
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      Indialantic Commercial/Residential Land

      Prime Indialantic lot, 12,197 sq ft.
      317 9Th Ter, Indialantic, FL 32903
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    • $1,800,000

      Prime Indialantic A1A Oceanfront Land

      Oceanview Mixed-Use Land, 22,215 sq ft
      1760 A1A Hwy, Indialantic, FL 32903
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    • $749,000

      Prime Indialantic Retail Opportunity

      Established Bar & Restaurant, High Sales
      2364 Highway A1A, Indialantic, FL 32903
      View Details
    • Contact for pricing
      5,281 SF

      Melbourne Beach Shopping Center Space

      Established shopping center near the Atlantic Ocean in Melbourne Beach.
      3830 Hwy S, Melbourne Beach, FL
      View Details

    Nearby Similar for Sale

    • $2,250,000
      4,455 SF

      Indialantic Triplex: Short-Term Rental Ready

      Turn-key triplex in Indialantic Tourist District, ideal for short-term rentals.
      312 Wavecrest Ave, Indialantic, FL 32903
      View Details
    • New
      $629,000
      1,876 SF

      Indialantic Duplex Near Beach

      Two-story duplex near beach, river, and downtown Indialantic.
      435 3Rd Ave, Indialantic, FL 32903
      View Details
    • $869,000

      Coastal Triplex Near Beach

      Triplex near the beach with redevelopment potential.
      351 N Shannon Ave, Indialantic, FL 32903
      View Details
    • Contact for pricing

      Prime Location Opportunity

      Building or ground lease opportunity on approximately 0.84 acres.
      441-445 5Th Ave, Indialantic, FL 32903
      View Details
    • $749,000

      Prime Indialantic Retail Opportunity

      Established Bar & Restaurant, High Sales
      2364 Highway A1A, Indialantic, FL 32903
      View Details
    • $549,000

      Indialantic Mixed-Use Corner Lot

      Prime Oceanfront Commercial Lot, Build Your Dream!
      1570 Highway A1A, Indialantic, FL 32903
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Prime Indialantic lot, beach access, build your dream home.
    Where is this multifamily property located?
    The property is located at 117 Franklyn Ave Indialantic, FL.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Exceptional 11,326 sq ft lot in desirable Indialantic, FL.; Prime beach location, minutes from downtown amenities.; Cleared lot, high elevation, ideal building site.
    Request Owner's contact information
    117 Franklyn Ave Indialantic, FL 32903
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    Indialantic, FL 32903
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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
    117 Franklyn Ave Indialantic, FL 32903
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