Commercial Sale · Mixed Use
1275 N BANANA RIVER DRIVE, MERRITT ISLAND, FL, 32952
Active21 days on marketListed Sep 20, 2026MLS #O6367133
About this property
The property at a glance
Reduced!! Must be sold... Property can be used for many purposes for Commercial and Residential besides it was used as ALF facility. If buyers wishes to do other purposes like VACATION DUPLEX,CAN BE FOUR PLEX, VRBO, AIR BNB, OFFICE DUPLEX, COMMERCIAL OFFICE OR EVEN MULTI FAMILY POTENTIAL WITH ITS UNIQUE ZONING. Property has been a Real Estate Office , school and a Senior Care ALF Home was licensed for 6 Resident with an additional 1 bedroom , 1 bathroom Living Quarter. The 5th Wheeler Camper in the back convey with the subject property. The property is Canal Frontage leading to the banana river Lagoon and the Atlantic Ocean. It's situated near many landmarks and recreation the Space Coast offers. Seeing is Believing!! Come and see for possible opportunities.
3,008
Building sq ft
$149
Price / sq ft
0.43
Lot acres
1966
Year built
1
Building
Mixed Use
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$2,488/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Seth to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
21,354
Population
$98,651
Median income
50.4
Median age
2.47
Avg household
$404,000
Median home value
$1,353/mo
Median rent
1,920
Households w/ kids
Recent sales
What actually sold near 1275 N BANANA RIVER DRIVE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$30,000
3 E MERRITT AVENUE UNIT 97
103,870 sqft · $0/sqft · Sold Oct 11, 2024
$30,000
3 E MERRITT AVENUE UNIT 111
103,870 sqft · $0/sqft · Sold Nov 6, 2024
Your team
The pros in your corner
Your agent
Seth Cabrera - Rothschild
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 1275 N BANANA RIVER DRIVE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1275 N BANANA RIVER DRIVE.
See it in person
Schedule a tour
Live availability from Seth's calendar — pick a time and it's booked.
Listing courtesy of PRIMESTATE REALTY, INC. · Hoover Yap. MLS #O6367133.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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