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Corner of Pioneer Road & Lewis Carroll Ave.
Merritt Island, FL 32953

$449,900 USD

Land For Sale  •  9.63 AC

Property Details

  • Property Type Land
  • Lot Size 9.63 AC
  • Zoning RU-1-11
0 Transit Score
46 Walk Score

Description

Key Features:
- Future Land Use: R-15 Multifamily - up to 15 units/acre.
- Infill location surrounded by established residential and new development activity.
- Located within a growing residential corridor experiencing active builder/investor demand.
- Market-Supported Product — strong rental demand and limited land availability for multifamily.
- Excellent long-term hold opportunity with zoning upside already in place.
- Minutes to Space Coast Aerospace Corridor — Blue Origin, SpaceX, NASA Kennedy Space Center. 
- High-income Workforce Nearby — Space Coast wage averages consistently exceed state and national averages.

PROPERTY SIZE: 9.63 Acres
CURRENT ZONING: RU-1-11: Single Family Residential
FUTURE ZONING: RR-15: Multifamily Residential (15 Units/ Acre)
UTILITIES: Future Connection County Water & Sewer Required, FPL Available
R.E. TAXES: $6,967.31 (2025)
SALE PRICE: $449,900

Public Transportation

AirportDriveWalkDistance
Melbourne Orlando International 47 min - 33.8 mi
David Stephens 772-205-9744 Lambert Commercial Real Estate, Inc
David Stephens 772-205-9744 Lambert Commercial Real Estate, Inc