5355 N Courtenay Pky
Merritt Island, FL 32953
Land For Sale · 21.50 AC

KSC entrance - 2+ miles - Investment Opportunity The national media has indicated that there is a strong resurgence of growth and new employment coming to the NASA facilities at Kennedy Space Center. The subject property represents an opportunity to purchase vacant land with a current agricultural classification (low taxes) for commercial usage.The subject property contains 21.5 acres of land. The property has 1,868 feet of highway frontage on State Road 3 and has a depth of 500 feet. A former citrus grove, the land has been cleared and is currently zoned BU-1 and BU 1A. This property is serviced with city water from the City of Cocoa. Seller may provide purchaser financing for a qualified buyer. The property may be subdivided into 5 acres parcels beginning at the north property line. The price for 5 acres is $119,000.00 per acre or $595,000 with approximately 435' of frontage on SR 3. Price for entire parcel is $2,340,000 The subject property is located on North Merritt Island, approximately 3 miles north of the Barge Canal and the intersection of State Road 528 and State Road 3. State Road 528 (the Beachline Expressway) is a major connecting road, which connects Port Canaveral to Orlando International Airport. State Road 3 is a major north-south road, connecting Kennedy Space Center to the southernmost portions of Merritt Island. This location is strategically positioned to serve the employment base at Kennedy Space Center and Port Canaveral, and the expansion of the major residential communities in North Merritt Island. A new residential subdivision containing 220 lots has been approved for a 109 acre parcel located 1 mile south of the subject property. This is the first new subdivision on North Merritt Island in more than 10 years. This development represents the potential for more residential and commercial growth.