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:
11/02/2024
Description
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).
More Information MLS# 945344
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
General Property Information
Number Of Units Total: 1
Stories Total: 1
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: 769.23
Sold Price/SqFt: 615.38
Year Built: 1960
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).
Cooling
Wall/Window Unit(s): 1
Current Use
Commercial: 1
Flooring
Carpet: 1
Terrazzo: 1
Wood: 1
Heating
None: 1
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Roof
Metal: 1
Security Features
Security Fence: 1
Other: 1
Utilities
Water Available: 1
Waterfront Features
River Front: 1
Showing Requirements
Showing Service: 1
Other: 1
Building Features
Clear Ceiling Height: 1950
Ceiling Type
Acoustic: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 3: Frontage Description: County Road, Legal/Misc-Home Warranty: No
Contract Information
Current Price: $1,200,000
Original List Price: 1500000
Sold Price: $1,200,000
Status: Closed
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
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
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
Listing Office:
CENTURY 21 Paradise Palm
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.