Just under 1 acre lot zoned BU-1 commercial retail. Located within the Merritt Island Redevelopment Agency area. Perc test completed and available upon request. Existing vacant home on the property built 1915. Property has two water meters already available. Can be a potential site for ministorage with condo residents as your neighbor, or two single family homes or change the zoning to allow for RU-15 multifamily development (townhome, condo, apartments), or replat for 7 single family homes after rezoning to RU 1-7. Great opportunity for investment income. Sewer is adjacent to the property as well as a Fire Hydrant and County Drainage R.O.W. for drainage retention outfall. Palmetto Road has been Streetscaped by M.I.R.A. and Burnwood Drive is scheduled to be paved some time in 2021.
1031 Exchange, Cash, Conventional, Pvt Financing Avlbl
Cable Available, City Water, Electricity Connected, Sewer Connected, Telephone
141 Burnwood DriveMerritt Island, FL 32953
This listing is courtesy of Providence Realty Team, Inc..
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