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    Merritt Island, FL
    1031 Exchange

    Merritt Island, FL 1031 Exchange Properties for Sale

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    Cocoa Beach, FL Rockledge, FL Malabar, FL Melbourne, FL Cape Canaveral, FL Cocoa, FL Satellite Beach, FL Indian Harbour Beach, FL
    8-Unit Retail Center
    Updated: May 19, 2025
    8-Unit Retail Center

    1175 N Courtenay Parkway, Merritt Island, FL 32953

    $1,249,000
    8,053 sqft 0.68 AC lot
    8,053‑square‑foot retail and office center with 8 units
    0.68‑acre parcel
    Renovated interiors
    Block construction; built in 1986
    Guest parking, public water, and public sewer
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    See hot listings in Merritt Island

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Merritt Island, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Three-Unit Retail Plaza
    Three-Unit Retail Plaza

    5544 HANSEL Avenue, Orlando, FL 32809

    $1,450,000
    3,150 sqft 0.07 AC lot

    Tenant-occupied neighborhood commercial property with storefront signage, on-site parking, and central air conditioning.

    View details
    Three-Unit Retail Plaza
    Three-Unit Retail Plaza

    5544 HANSEL AVENUE #1, Orlando, FL 32809

    $1,450,000
    1,000 sqft

    Tenant-occupied commercial condominium units offer storefront signage, on-site parking, and convenient ingress and egress.

    View details
    Four-Suite NNN Property
    Four-Suite NNN Property

    2350 S Us Highway 17 92, Longwood, FL 32750

    $3,700,000
    16,220 sqft

    Fully leased commercial asset with staggered expirations, NNN leases, and annual escalations.

    View details
    Four-Suite NNN Property
    Four-Suite NNN Property

    2350 S US HIGHWAY 17 92, Longwood, FL 32750

    $3,700,000
    1.17 AC lot

    Fully leased commercial asset with NNN agreements, annual escalations, and a recreation anchor through 2030.

    View details

    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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    1031 exchange properties 1
    Day care centers 1
    Marinas 1
    NNN properties 1

    Demographics Overview

    Population 46K
    Population Growth (5Y) +2.9%
    Median Household Income $90,907
    College Educated 37.7%

    High-Yield Neighborhoods for Investment

    Identify Merritt Island submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    32953 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 1.03%
    Property Tax per SF $25.97 per SF
    Tax Rate vs County Average 0.32 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Brevard County

    New Delisted

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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    Most Searched ZIP Codes in Merritt Island, FL

    • 32953

    Featured Merritt Island Real Estate Agencies

    Realmo connects you with licensed Merritt Island CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Perrone Realty
    2460 N Courtenay Pkwy #102 Merritt Island, FL 32953
    Phone: (407) 733-0725
    www.goperrone.com
    Michelle Daignault-Ives
    215 N. Courtenay Pkwy. Merritt Island, FL 32953
    Phone: (321) 453-2151
    www.homeinthesun.com
    Anchor Real Estate & Property Management LLC
    2160 Capeview St Merritt Island, FL 32952
    Phone: (321) 278-9389
    www.AnchorREPM.com
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