160 S Banana River Drive, Merritt Island, FL 32952
$1,200,000
Property Type:
Commercial Sale
Square Footage:
1,950
Lot Size (sq. ft.):
30,056
Status:
Closed
Current Price:
$1,200,000
List Date:
9/03/2022
Last Modified:
5/11/2026
Overview
Description
Listing Details MLS# 945344
General Property Information
- Number Of Units Total
- Yes
- Stories Total
- Yes
- Building Area Total
- 1950
- Year Built
- 1960
- Lot Size Acres
- 0.69
- Property Use
- R-TWO RESIDENTIAL UNITS - NOT ATTACHED (0819)
- Use Code
- 08 / MULTI-FAMILY LESS THAN 10
- Association YN
- No
- Water Body Access YN
- No
- Waterfront YN
- Yes
- Water Body Name
- Banana River
- List Price/SqFt
- 769.23
- Sold Price/SqFt
- 615.38
Property Features
Ceiling Type:
Acoustic
Cooling:
Wall/Window Unit(s)
Current Use:
Commercial
Flooring:
Carpet; Terrazzo; Wood
Heating:
None
Listing Terms:
Cash; Conventional
Possession:
Close Of Escrow
Roof:
Metal
Sale Includes:
Building & Land
Security Features:
Security Fence; Other
Showing Requirements:
Showing Service; Other
Utilities:
Water Available
Waterfront Features:
River Front
Contract Information
- Original List Price
- 1500000
- Listing Contract Date
- 2022-09-02
- Property Sub Type
- Business
Location Tax and Legal
- Street Number
- 160
- Street Direction Prefix
- S
- Street Name
- Banana River
- Street Suffix
- Drive
- County
- Brevard
- State
- FL
- Postal Code
- 32952
- MLS Area Major
- 254 - Newfound Harbor
- Subdivision Name
- Banana River Park
Remarks and Miscellaneous
- Public Remarks
- Beautiful location and the possibilities are endless! This .69 acre mixed use Residential/Commercial Property consists of 3 separate riverfront lots. You can have a business in front and a home on the water. Possible uses include riverfront restaurant, boat/water sports rental business, multifamily housing or just build your dream home. One lot has an existing commercial concrete block storefront with 1 and 1/2 bathrooms,open warehouse and separate garage. Buildings need work, please use caution when viewing. Value is in the land. Riverfront is natural shoreline stabilized with rip rack. There is an older dock present (Please Do Not attempt to walk on dock).
Status Change Information
- Major Change Timestamp
- 2023-06-27T01:01:58Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2023-06-26
- Purchase Contract Date
- 2023-05-29
- Close Date
- 2023-06-26
- Close Price
- 1200000
More Information
Building Features
- Clear Ceiling Height
- 1950
Historical Information
- Public Historical Remarks 3
- Frontage Description: County Road, Legal/Misc-Home Warranty: No
Location, Tax, and Legal
- Tax Account
- 2438915
- Parcel Number
- 24-37-31-01-00000.0-0046.00
- General County Location
- Central
- Tax Annual Amount
- 5419.89
- Tax Year
- 2021
- Tax Legal Description
- BANANA RIVER PARK LOTS 46, 47 & 48
- Directions
- FROM US1, EAST on 520, SOUTH (R)ON S BANANA RIVER DR. PROPERTY LOCATED ON LEFT
Cooling
- Wall/Window Unit(s)
- Yes
Current Use
- Commercial
- Yes
Flooring
- Carpet
- Yes
- Terrazzo
- Yes
- Wood
- Yes
Heating
- None
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Metal
- Yes
Security Features
- Security Fence
- Yes
- Other
- Yes
Utilities
- Water Available
- Yes
Waterfront Features
- River Front
- Yes
Showing Requirements
- Showing Service
- Yes
- Other
- Yes
Ceiling Type
- Acoustic
- Yes
Sale Includes
- Building & Land
- Yes
Listing Office:
CENTURY 21 Paradise Palm
Last Updated: May - 11 - 2026
Information is deemed to be reliable, but is not guaranteed.