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Property profile & analytics
OFF-MARKET
Commercial real estate

1405 Tropical Trl Merritt Island, FL 32953

Property ID
US18-7154483
Property summary
AI-generated overview

This exceptional 3.1-acre property in Merritt Island, Florida, presents a unique development opportunity. Comprising three contiguous parcels totaling 131,115.6 square feet, this land boasts approximately 87 feet of pristine Indian River frontage. The easternmost parcel, accessible from N Tropical Trail, is zoned RU1-9 for residential single-family use, providing a perfect site for a primary residence. A smaller connecting parcel links this to the expansive riverfront parcel, zoned for Estate Use, offering unparalleled views and direct water access. Imagine breathtaking sunsets and the tranquility of the Indian River as your backdrop. Conveniently located south of State Road 528 and the Barge Canal, this prime location offers easy access to Orlando and the Kennedy Space Center, with the added bonus of spectacular rocket launch viewing opportunities. The asking price for this remarkable property is $1,775,000. This is a rare chance to build your dream estate in a highly desirable location. The property's address is 1405 N Tropical Trail, Merritt Island, FL 32953. Don't miss this exceptional investment opportunity.

Property profile
Verified
Property type Commercial real estate
UPID US18-7154483
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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