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

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).

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

Listing Office: CENTURY 21 Paradise Palm

Last Updated: May - 11 - 2026

Information is deemed to be reliable, but is not guaranteed.