370 N Banana River Dr Merritt Island, FL 32952
For Sale
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This exceptional investment opportunity presents a thriving childcare facility and accompanying real estate in Merritt Island, Florida. The property, located at 370 N Banana River Dr, 32952, boasts two buildings totaling 2,703 square feet on over half an acre. Built in 1946, the buildings are situated in a desirable, restricted neighborhood zoned B-1-A, offering significant potential for continued operation and expansion. The substantial 2,703 square feet of air rights further enhances the property's development possibilities. This turnkey business is ideally positioned to serve the growing family community along the intercoastal waterway of Merritt Island, providing a safe and engaging environment for children on the Space Coast. The existing infrastructure and established clientele base create a strong foundation for immediate returns and future growth. This is a rare opportunity to acquire a well-established business with significant real estate assets in a prime location. The property's size and zoning provide flexibility for potential expansion or adaptation to meet evolving market demands. This is an ideal investment for those seeking a stable, high-demand business with considerable long-term growth potential. The property's location in Brevard County, Florida, offers easy access to major roadways and amenities, making it highly attractive to both current and prospective clients. This is a unique opportunity to own a successful business and valuable real estate in a thriving community. The asking price for this exceptional property is $799,000.
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Bell Oak Academy Merritt Island High School Daycare Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BU1A · Merritt Island, FLCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.