Merritt Island - Beach Property For Sale #3179954

Reduced!!! Sellers Motivated!!! Property can be used for many other purposes for Commercial and Residential besides its current ALF use. Owners can relocate Residents if Buyer wishes to do something else like a Vacation Duplex, , Air BnB, Office Duplex, Commercial Offices with even Multi Family Potential with its unique Zoning. Prior to its current use, Property has been a Real Estate Office and also a School. Banana River Villas is currently a Senior Care ALF Home that is licensed for 6 Residents with an additional 1 bedroom, 1 bathroom Living Quarter with Private Kitchen & Living Room for Live-In Staff &/or Owner Operators. Its facility offers a comfortable homelike setting for Residents needing Assisted Living. Offering a *Worry Free* way of life through its All Inclusive Services & Amenities. The 5th Wheel Camper in the back conveys with the Subject Property. The property is Canal Frontage leading to the Banana River Lagoon, Indian River Lagoon and the Atlantic Ocean. One of the largest Facilities licensed for 6 Residents in Brevard County, It's situated near many landmarks and recreation the Space Coast offers. If you or your Buyer is interested in the property's Business, the Income & Expenses from its 2021 IRS Filings & Current 2022 YTD P&L are available Upon Request & Signed NDA. Current CAP Rate is 12.12% Seeing is Believing!!!