Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1175 N Courtenay Pkwy Merritt Island, FL 32953

    For Sale
    $1,249,000

    SINGLE_FAMILY - Merritt Island, FL

    Type:Retail
    Property size:
    8,053 SF
    Lot size:
    0.68 Acres
    Days on Market:
    206
    Last Refresh:
    Dec 11 at 11:06 pm

    Property Features for 1175 N Courtenay Pkwy

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 8, Bathroom 3, Bathroom 1, Bathroom 7, Bathroom 4, Bathroom 2, Bathroom 6, Bathroom 5
    Bathrooms
    8
    APN
    24-36-23-Bx-00000.0-0031.01
    Parking features
    Guest
    Size
    8,053 SF
    Lot size
    0.68 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1986
    Number of units
    8
    Building materials
    Block

    Perrone Realty (407) 733-0725 [email protected]

    Listing agent Ralph S Perrone (321) 452-9838

    Listing date May 20, 2025

    Copyright © 2025 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Merritt Island Retail/Office Center

    This is an 8,053 square foot retail/office center located in Merritt Island, Florida. The property is positioned on N Courtenay Parkway, which experiences high traffic volume. It is located directly across from Merritt Island High School and adjacent to the public library. The property features 8 units with updated interiors. Ample parking is available. The property is suitable for investment, a 1031 exchange, or portfolio addition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jae's Therapeutic Touch ... Massage Therapist Security First Title ... Title Company The ARK Church of Brevard ... Church US Defense Investigation ... Military Base Fantastique Fashions Upscale ... Consignment Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.702637
    Latitude
    28.377418

    Nearby Similar for Sale

    • $9,998,900
      63,125 SF

      Former Car Dealership on Causeway

      Former car dealership with offices, service bays, and extra amenities.
      1850 E Merritt Island Cswy, Merritt Island, FL 32952
      View Details
    • $400,000
      2,523 SF

      Income-Producing Duplex on Spacious Lot

      Two independent residences, well-maintained with rental income potential.
      1685 Savana Dr, Merritt Island, FL 32952
      View Details
    • $749,500
      4,631 SF

      Commercial Corner Lot with Pool

      Two buildings on a corner lot with a heated pool.
      691 N Courtenay Pkwy, Merritt Island, FL 32953
      View Details
    • $185,000
      882 SF

      Merritt Island Co-op

      3 bed, 2 bath co-op near the beach.
      195 Treasure St, Merritt Island, FL 32952
      View Details
    • $125,000
      704 SF

      Merritt Island Multifamily Unit

      Well-maintained 2-bedroom end unit with modern upgrades and community amenities.
      215 Buccaneer Ave, Merritt Island, FL 32952
      View Details
    • $94,900
      550 SF

      Updated Co-Op Near Banana River

      Updated first-floor co-op unit with deeded carport near Cocoa Beach.
      205 Buccaneer Ave, Merritt Island, FL 32952
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Renovated 8,053 SF retail/office center on high-traffic N Courtenay Pkwy.
    Where is this neighborhood center located?
    The property is located at 1175 N Courtenay Pkwy Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $1,249,000.
    What are key features of this property?
    This property features: - High-traffic location on N Courtenay Pkwy, directly across from Merritt Island High School.; - Renovated 8,053 SF retail/office center.; - Strong tenant mix.
    (321) 452-9838
    Request Owner's contact information
    1175 N Courtenay Pkwy Merritt Island, FL 32953
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1175 N Courtenay Pkwy
    Merritt Island, FL 32953
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1175 N Courtenay Pkwy Merritt Island, FL 32953
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.