$6,000,000

RARE 3.04± ACRE 485 FEET OF DIRECT RIVERFRONT PROPERTY. INCREDIBLE DEVELOPMENT OPPORTUNITY - PREMIUM COMMERCIAL CORNER ON 520 CORIDOR. Launches from the river, Cocoa Beach 3 miles away, Cruise ship views almost every day! An exceptional opportunity to acquire approximately 3.04± combined acres of prime riverfront property at 1872… Read More E. Merritt Island Causeway in Merritt Island, Florida. The offering combines the existing commercial property with an additional approximately 0.29-acre residential parcel, creating a substantial waterfront assemblage with outstanding frontage, visibility and redevelopment potential. Positioned on a premium commercial corner along highly traveled E. Merritt Island Causeway (SR 520), more than 20,000 vehicles pass the property daily, providing exceptional exposure for a commercial or destination waterfront use. A dedicated turning lane provides convenient access directly into the property, adding tremendous value for restaurant, retail, automotive, marine or other high-traffic commercial/residential, business concepts. This lot is currently zoned BU-2 - Retail, Warehousing and Wholesale Commercial, one of Brevard County's broad commercial zoning classifications. The existing zoning provides flexibility for a wide variety of commercial uses and may accommodate concepts such as a waterfront restaurant, boat sales and service operation, automobile dealership and other retail, service or marine-oriented businesses, subject to applicable county requirements, conditions and approvals. With approximately 3.04 acres assembled along the river, the property also presents an intriguing opportunity for a developer to explore alternative or higher-value uses through rezoning, Future Land Use amendments or other governmental approvals. Potential concepts could include a luxury waterfront condominium development, mixed-use waterfront project, boat condominium/dry-storage or marina-related development, or an exclusive single-family riverfront compound. The waterfront location is particularly compelling for marine and hospitality uses. A destination waterfront restaurant with outdoor dining, boat dealership or marine sales and service facility, or marina/boat condominium concept could capitalize on the rare combination of direct waterfront, prominent SR 520 exposure, substantial daily traffic and convenient property access. For residential developers, the size and waterfront setting create the potential to investigate a rezoning for multifamily or luxury condominium development. Alternatively, a buyer seeking an extraordinary private estate could explore converting the assemblage into an expansive 3+ acre single-family riverfront compound, offering privacy and waterfront space that are increasingly difficult to find on Merritt Island. Located on one of Merritt Island's primary east-west corridors, the property offers convenient access to Cocoa Beach, Port Canaveral, Kennedy Space Center and the surrounding Space Coast, while combining the visibility of a major commercial corridor with the appeal of direct riverfront. POTENTIAL DEVELOPMENT CONCEPTS INCLUDE: • Luxury waterfront condominium development • Destination waterfront restaurant with outdoor dining • Marina or boat condominium/dry-storage concept • Boat dealership, sales and service facility • Automobile dealership • Mixed-use commercial/residential waterfront development • Retail or professional commercial development • Private 3.04± acre riverfront residential compound 3.04± acres. Direct riverfront. Premium commercial corner. 20,000+ vehicles per day. Dedicated turning lane. BU-2 commercial zoning. A combination of attributes rarely available together on Merritt Island and an opportunity for an investor, developer or owner-user to create a signature Space Coast waterfront property. Buyer and buyer's representatives are responsible for independently verifying acreage, traffic counts, zoning, Future Land Use designation, density, permitted and conditional uses, environmental conditions, submerged-land rights, dock/marina feasibility, utilities, access, development standards and the availability or approval of any rezoning, variance, conditional use or Future Land Use amendment. No representation is made that any proposed alternative use or rezoning will be approved by Brevard County or any other governmental agency. Read Less

Courtesy of Guettler Realty Group 321-355-9365

Listing Snapshot

Days Online

Last Updated

Oct 7, 2026

Property Type

Mixed Use

Square Ft.

3,696

Lot Size

3.04 Acres

Year Built

1990

MLS Number

1089470

Additional Details

Property Access

Frontage Type: City Street, County Road, State Road

Building

Built in 1990, Living area: 3696.0, 1 storey, Construction Materials: Block

Cooling

Window Unit(s)

Fence

Chain Link

Heating

Heat Pump

Lot

3.04 acres, Cleared, Corner Lot

Parking

Additional Parking, Attached, Parking Lot

Roof

Membrane

Sewer

Public Sewer

Taxes

Additional parcels description:, Parcel Number: 24-37-31-01-*-19, Annual Amount: $6,043, Legal Description: Banana River Park Lots 17&18, Year: 2026, Zoning description: Commercial/Residential/Office

Utilities

Electricity Connected, Natural Gas Not Available, Water Source: Public, 220 Volts

Water Features

Water Body Name: Banana River, Navigable Water, River Access, River Front, Intracoastal

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1872 E Merritt Island Causeway

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