690 Chase Hammock Rd Merritt Island, FL 32953
This exceptional 108,900 square foot lot presents a unique investment opportunity in Merritt Island, Florida. Located at 690 Chase Hammock Road, 32953, this property offers a blend of commercial and residential zoning (Residential Agricultural), providing flexibility for diverse development plans. The expansive 2.5-acre parcel is situated in a desirable North Merritt Island neighborhood, combining tranquility with convenient access to major attractions. Enjoy the rustic charm while benefiting from proximity to the Kennedy Space Center, Port Canaveral, and the beautiful beaches. This prime location offers unparalleled potential for various ventures, from residential construction to commercial development. The property's size and zoning make it suitable for a range of projects, catering to both residential and commercial needs. A survey is readily available for review, providing detailed information about the land's boundaries and features. This is an exceptional chance to acquire a substantial piece of land in a thriving Florida community, offering both investment potential and lifestyle benefits. Don't miss this opportunity to secure this versatile property in a highly sought-after area. The asking price is $225,000.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & 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.