7515 Patti Dr Merritt Island, FL 32953
This exceptional 51,401 square foot lot, located at 7515 Patti Drive in Merritt Island, Florida (zip code 32953), presents a unique opportunity for commercial and residential development. Situated in a desirable country setting, this property offers a blend of tranquility and convenience. Its prime corner location provides excellent visibility and accessibility. The land is just a short distance from the Pine Island Conservation Area, offering a peaceful natural backdrop. Nearby Courtenay Parkway provides easy access to shopping, dining, and other amenities. Commuting is simplified by the proximity to the Beachline Expressway, connecting you to Orlando and the Atlantic coast. Local schools are within a 20-minute drive, and the Kennedy Space Center and SpaceX are approximately twenty minutes away. This versatile property is ideal for those seeking to build a custom estate or develop a commercial venture, with endless possibilities for creative design and development. The lot's size and location make it an attractive investment in a thriving Florida community. The asking price is $99,900. This is a rare opportunity to acquire a substantial parcel of land in a highly sought-after area.
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
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.