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Property profile & analytics
OFF-MARKET
Commercial real estate

5405 Freedom Ln Merritt Island, FL 32952

Property ID
US18-6489548
Property summary
AI-generated overview

This exceptional 1.6-acre lot, located at 5405 Freedom Lane in Merritt Island, Florida (zip code 32952), presents a unique opportunity for development. Boasting 69,696 square feet of land, this property offers over 160 feet of direct frontage on the Indian River. Situated on a private road just off the historic South Tropical Trail, it provides a tranquil setting with abundant natural beauty, including mature palms, oak trees, and towering bamboo. A current survey is available. The partially cleared lot allows for immediate development, and the property includes a private boat ramp, enhancing its recreational appeal. Conveniently located between State Road 520 and the Pineda Causeway, this location provides easy access to beaches, Port Canaveral, NASA, and Interstate 95. Enjoy breathtaking nightly sunsets and the quintessential "Old Florida" charm. This is a rare chance to build a custom home in a highly desirable waterfront location. The property is zoned for both commercial and residential use. This prime riverfront property offers unparalleled privacy and an idyllic lifestyle. Don't miss this extraordinary opportunity to create your dream home in this sought-after area of South Merritt Island. The asking price is $1,400,000.

Property profile
Verified
Property type Commercial real estate
UPID US18-6489548
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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