29 Lots Pne Is Rd Merritt Island, FL 32953
This exceptional 66-acre (2,874,960 square foot) property in Merritt Island, Florida, presents a unique investment opportunity. Located at 29 Lots Pine Island Road, zip code 32953, this expansive land parcel is zoned for both commercial and residential development, offering unparalleled flexibility. Its prime location, just 3.5 miles from Kennedy Space Center, SpaceX, and Blue Origin, ensures high demand and strong potential for return. The proximity to these major employers makes this an ideal site for a residential development targeting high-income professionals. The zoning allows for the construction of custom homes, with building heights potentially reaching two or three stories. This presents a chance to create a prestigious community catering to the needs of a highly sought-after demographic. The property's substantial size allows for a variety of development plans, from luxury single-family homes to mixed-use projects. With its strategic location and versatile zoning, this 66-acre tract is poised for significant growth and offers a compelling investment opportunity in the thriving Brevard County market. The asking price for this remarkable property is $3,495,000. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.