29xx Newfound Harbor Dr Merritt Island, FL 32952
This exceptional 0.761-acre (33,149.16 sq ft) waterfront property in Merritt Island, Florida, offers unparalleled luxury and convenience. Located on Newfound Harbor Drive, this commercial and residentially zoned land presents a unique opportunity for development. Enjoy the peaceful ambiance of direct riverfront access, perfect for building a custom home or a commercial venture. The property's prime location provides easy access to nearby amenities. A short 15-minute boat ride takes you to Canaveral Locks, while a 5-minute trip reaches Marker 24, offering fuel, bait, and a restaurant. Spend weekends at the nearby Bird Island sandbar (5 minutes away by boat) or enjoy a 20-minute boat ride to popular waterfront dining destinations like Sunset Grille and Island Time. The property's asking price is $700,000. The address is 29xx Newfound Harbor Drive, Merritt Island, FL 32952. Consider combining this lot with the adjacent vacant lot to the south for an even larger development opportunity. This property is zoned for both commercial and residential use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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