N. Merritt Island – KENNEDY SPACE CENTER
50+ LAUNCHES IN 2022
Mitchell Ellington
Regional Park
114 Acres
48 TOWNHOMES
Under Construction
COCOA
Intercoastal Waterway
FLORIDA INLAND
NAVIGATION
DISTRICT
PRIME COMMERCIAL REAL ESTATE
Location and Property Overview:
The subject property is located on SR3 on
North Merritt Island, approximately 6 miles
South of the Kennedy Space Center’s
Employee entrance. It is 6 minutes to Blue
Origin and One Web. Immediately south of
the site there are 48 townhome units that
are currently under construction.
Property Features:
• 21.5 Acres – 1,875’ on SR 3 & 500’
on Porcher Rd.
• Zoned Commercial (BU-1 and BU-1A)
• Water & Sewer to site
• The property is cleared and fenced
Booming Residential Growth:
With the expansion of the Space Program
the residential development continues to
grow at a fast rate on North Merritt Island.
Thru 2021 there have been 416 residential
Building Permits. Today there are over 487
lots in 5 subdivisions that are being reviewed.
Demographics (3 mile radius):
esri – November 29, 2022
Median Household Income - $108,017
Average Household Income - $134,988
Population - 8,693 Households - 3,568
Untapped Commercial Opportunities:
• Development of Grocery, Pharmacy
and Local retail space
• The Development of Lab Facilities
for Medical, Engineering and
Government office facilities.
• Casual Dining and Fast Food Service
PRICE: $2,200,000 / $2.35 Sq. Ft.
Traffic Count
20,800
6 MILES
TO K.S.C.
POSSIBLE
SIGANLIZED
INTERSECTION
SR 528
SR 3 FUTURE
RESIDENTIAL
PORSCHE
RD.
SITE
BROKER PARTICIPATION
AVAILABLE
/www.michaelgaich.com