West Crisafulli Road, Merritt Island, FL 32952 - Brevard County

The property offering is located on Crisafulli Road just west of the North

Courtenay Parkway. With the robust development of North Brevard, there is a

strong demand for residential residences in the North Merritt Island area due to

an uptick in growth surrounding the space program and the emergence of such

employers as Spacex, OneWeb, Firefly and improvements to Riverfront Center.

(Discussed further on next page)

Property is zoned RR-1 - Rural Residential - Density is 1 lot = 1 acre. However, the

parcel is arranged into 5 individual flag lots, which are illustrated on page 5. The

lot is immediately buildable, which is a considerable asset to the lot. The 10.4

parcel is to be sold in its entirety.

City of Cocoa water / Septic / Tax ID: 2316351 & 2316330 / Parcel IDs:

23-36-22-00-782 & 23-36-22-00-803

The property offering is located on Crisafulli Road just west

of the North Courtenay Parkway. With the robust

development of Exploration Park, there is a strong demand

for residential residences in the North Merritt Island area.

Therefore, this is an area of explosive residential growth

with new units being offered by Maronda Homes at Egrets

Landing, which has sold 175 of 220 homes as of May 2020.

Heron Creek is Located on E. Chase Hammock Rd. The

builder is Vintage, with 30 lots planned for a gated

community with model completed and lots fully developed.

Prices start at $399,000 - $499,000.

Additionally, in October 2019, Gissy Merritt Island, LLC

purchased the former Crisafulli 48 Townhome project. The

fully permitted project is scheduled to begin development

activity in the 2nd quarter of 2020.

The location is 4 miles from Exploration Park where Blue

Origin (owner, Jeff Bezos) has constructed a rocket

manufacturing plant of 750,000 SF with a capital investment

of $200-225 Million Dollars. The facility is expected to

employ 350 professional engineers, scientists, etc., with an

average salary of $88,000.00. In addition, OneWeb, a

satellite manufacturing company built and was operating a

150,000 SF facility. OneWeb had plans to launch a mega-constellation of 900 small satellites to expand high-speed

internet access across the globe.

There are three major public parks on North Merritt Island,

including: Mitch Ellington Regional Park featuring athletic

fields 114 acres Kings Park wetland preserve perfect for

freshwater fishing 240 acres Man