Merritt Island, FL 1031 exchange properties for sale

Updated: May 19, 2025

Renovated Retail Office Center

1175 N Courtenay Parkway, Merritt Island, FL 32953

$1,249,000

8,053 sqft 0.68 AC lot

8,053 SF retail/office center built in 1986
8‑unit property with updated interiors
Situated on high‑traffic N Courtenay Pkwy, directly across from Merritt Island High School
Adjacent to the public library
Parking features include guest parking

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This listing looks promising.

Here's a quick look at some key insights for

1175 N Courtenay Parkway, Merritt Island, FL 32953

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Est. Cap Rate

8.8%
Above avg (5.9%)
Est. NOI

$110K
Annual
Price @ 7% Cap

$1.57M
Above asking
Last Sold

Dec 2023
$658K
Property Type

Office Building
Built 1986

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Merritt Island, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Renovated Office Building For Sale

701 E SOUTH St, Orlando, FL 32801

$2,450,000

10,000 sqft 0.62 AC lot

Government-tenanted, renovated office building with long-term investment potential.

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Renovated Office Building with Elevator

701 E South Street, Orlando, FL 32801

$2,450,000

9,918 sqft

Renovated multi-floor office building with elevator access, updated restrooms, LED lighting, and reconfigured workspaces.

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Sebring Restaurant Investment Opportunity

4390 U.S. Hwy 27 S, Sebring, FL 33870

Contact for pricing

5,005 sqft 1.83 AC lot

NNN leased restaurant with long-term income and attractive rent increases.

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Residential Development Land

1055 Lake Josephine Drive, Sebring, FL 33875

$3,200,000

95.00 AC lot

Zoned EU for up to four homes per acre across 95 acres with frontage along US 27 and Lake Josephine Creek.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Buildable Residential Lot

11023 N GLENDA Terrace, Dunnellon, FL 34434

Contact for pricing

0.23 AC lot

Buildable 0.23-acre residential lot in Citrus Springs, deed restricted with no HOA and no HOA fees.

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Citrus Springs Buildable Residential Lot

2966 W Echo Place, Citrus Springs, FL 34433

Contact for pricing

0.23 AC lot

Buildable lot in a growing community with available utilities.

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Naples Motorcoach Resort Paved Lot

13580 Snook Cir, Naples, FL 34114

$289,000

Partially paved lot in premier Class A motorcoach resort.

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Coastal Land with RV Potential

Port St Joe, FL 32456

$189,900

0.50 AC lot

Half-acre property near the beach, equipped for RV living.

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Merritt Island, FL 1031 Exchange Properties Market Trends and Statistics

Explore 1 1031 exchange properties for sale in Merritt Island, FL on our real estate platform. These investment opportunities span a total of 8,053 square feet of properties for sale, with an estimated market value of $1,249,000.

Sale prices for 1031 exchange properties in Merritt Island, FL average $1,249,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Merritt Island, FL 1031 Exchange Properties for Sale

1175 N Courtenay Parkway, Merritt Island, FL 32953