$799,000
Merritt Island, FL 32952
MLS# 773835
Status: Closed
1950 sqft
1 / 12
Property Description
RARE RIVERFRONT MIXED USE RESIDENTIAL/COMMERCIAL PROPERTY WITH MANY POSSIBLE USES. RIVERFRONT BAR/GRILL, WATER SPORTS FOR ALL CRUISE SHIPS OR LIVE ABOVE OR BEHIND YOUR BUISNESS COULD BE USE AS ALL RESIDENTIAL, MULTIFAMILY OR ALL COMMERCIAL.PROPERTY CONSISTS OF 3 RIVERFRONT LOTS AND COULD SPLIT PROPERTY FOR MULTIPLE RESIDENTIAL/COMMERCIAL UNITS WITH THEIR OWN RIVERFRONT. ONE LOT HAS EXISTING COMMERCIAL 2ROOM STOREFRONT WITH 2 BATHROOMS AND A SHOWER.OPEN WAREHOUSE IN BACK OF BUILDING ALSO ON LOT IS A SEPARATE GARGAGE. MOBILE HOME & SHED. RIVERFRONT IS NATURAL SHORELINE STABILIZED WITH RIP RAP DOCK WITH NATURAL BOAT RAMP(DO NOT WALK ON DOCK)DONT MISS THIS ONCE IN A LIFETIME CHANCE TO HAVE YOUR RIVERFRONT HOME AND BUSINESS.
Details
Maps
Location, Tax, and Legal
Tax Account: 2438915
Parcel Number: 24-37-31-01-00000.0-0046.00
General County Location: Central
Tax Annual Amount: 4610.95
Tax Year: 2016
Tax Legal Description: BANANA RIVER PARK LOTS 46, 47 & 48
Directions: 520 TO EAST, SOUTH ON BANANA RIVER DR PROPERTY LOCATED ON EAST OF ROAD.
General Property Information
Number Of Units Total: 3
Building Area Total: 1950
Lot Size Acres: 0.69
Association YN: No
Property Use: R-TWO RESIDENTIAL UNITS - NOT ATTACHED (0819)
Water Body Access YN: No
Waterfront YN: Yes
Water Body Name: Banana River
Use Code: 08 / MULTI-FAMILY LESS THAN 10
List Price/SqFt: 409.74
Sold Price/SqFt: 409.74
Year Built: 1960
Remarks and Miscellaneous
Public Remarks: RARE RIVERFRONT MIXED USE RESIDENTIAL/COMMERCIAL PROPERTY WITH MANY POSSIBLE USES. RIVERFRONT BAR/GRILL, WATER SPORTS FOR ALL CRUISE SHIPS OR LIVE ABOVE OR BEHIND YOUR BUISNESS COULD BE USE AS ALL RESIDENTIAL, MULTIFAMILY OR ALL COMMERCIAL.PROPERTY CONSISTS OF 3 RIVERFRONT LOTS AND COULD SPLIT PROPERTY FOR MULTIPLE RESIDENTIAL/COMMERCIAL UNITS WITH THEIR OWN RIVERFRONT. ONE LOT HAS EXISTING COMMERCIAL 2ROOM STOREFRONT WITH 2 BATHROOMS AND A SHOWER.OPEN WAREHOUSE IN BACK OF BUILDING ALSO ON LOT IS A SEPARATE GARGAGE. MOBILE HOME & SHED. RIVERFRONT IS NATURAL SHORELINE STABILIZED WITH RIP RAP DOCK WITH NATURAL BOAT RAMP(DO NOT WALK ON DOCK)DONT MISS THIS ONCE IN A LIFETIME CHANCE TO HAVE YOUR RIVERFRONT HOME AND BUSINESS.
Cooling
Wall/Window Unit(s): 1
Current Use
Commercial: 1
Flooring
Other: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Income: 0
New Taxes Expense: 4611
Utilities
Water Available: 1
Waterfront Features
River Front: 1
Showing Requirements
Call Listing Agent: 1
Building Features
% Air Conditioned or Heated: 1950
Clear Ceiling Height: 1950
Location
County: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 3: Proforma-Vacancy Rate: 0, Proforma-Inc/Exp Stmnt Period: 0
Contract Information
Current Price: $799,000
Original List Price: 799000
Sold Price: $799,000
Status: Closed
Listing Contract Date: 2017-01-23
Property Sub Type: Business
Location Tax and Legal
Street Number: 160
Street Direction Prefix: S
Street Name: Banana River
Street Suffix: Drive
Street Direction Suffix: S
County: Brevard
State: FL
Postal Code: 32952
MLS Area Major: 254 - Newfound Harbor
Subdivision Name: Banana River Park
Status Change Information
Major Change Timestamp: 2022-01-31T21:42:10Z
Major Change Type: Status Change
Status Change Timestamp: 2022-01-31
Purchase Contract Date: 2021-11-20
Close Date: 2022-01-28
Close Price: 799000
Property Features
Cooling: Wall/Window Unit(s)
Current Use: Commercial
Flooring: Other
Location: County
Possession: Close Of Escrow
Sale Includes: Building & Land
Showing Requirements: Call Listing Agent
Utilities: Water Available
Waterfront Features: River Front
Listing Office: Blue Marlin Real Estate
Last Updated: May - 11 - 2026
Information is deemed to be reliable, but is not guaranteed.