835 Newfound Harbor Dr Merritt Island, FL 32952
This exceptional 85,378 square foot property located at 835 Newfound Harbor Drive, Merritt Island, Florida 32952, presents a unique investment opportunity. Situated in Brevard County, this nearly two-acre parcel offers a blend of commercial and residential potential. The land boasts two direct waterfront lots and two lots with water access, all enhanced by mature mango and avocado trees. Existing infrastructure includes two wells and electricity, ensuring immediate utility access. A recent survey is available, along with a site plan illustrating the potential for division into four separate waterfront access lots. This presents a significant opportunity for developers or contractors seeking high-profit ventures. The property's high and dry elevation provides peace of mind, and the breathtaking sunrises and sunsets offer unparalleled natural beauty. The asking price is $850,000, with the possibility of short-term owner financing. This is a truly rare opportunity
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
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.