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    290 Parnell St Merritt Island, FL 32953

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    For Sale
    $525,000

    Commercial property in Merritt Island with historic charm and modern updates.

    Property size:
    2,444 SF
    Lot size:
    0.29 Acres

    Property Features for 290 Parnell St

    General Information

    Size
    2,444 SF
    Lot size
    0.29 Acres

    Source: ITG REALTY Agent Rusty E Melle

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Merritt Island Commercial Property

    Located in Merritt Park Place on Merritt Island, this commercial property offers a blend of historic character and modern functionality. The property spans a total of 0.5 acres, combining the 0.29-acre main building lot with a 0.22-acre adjacent lot, offering flexibility for expansion, additional parking, or future development. Strategically located at a prime corner with 125 feet of road frontage, the property ensures visibility and accessibility with easy access to both Courtenay Parkway and SR-520. The main building, a spacious 2,066 square feet, underwent a complete renovation in 2012 that included plumbing, air ducts, insulation, drywall, new doors, and the addition of hurricane ties. Original 1950s hardwood floors add charm, and the building is currently home to an upscale salon, though its layout is adaptable for office or retail use. A secondary 378-square-foot building, also under air, provides additional space for business operations or rental income. This property is suited for owner-occupied businesses, rental opportunities, or future growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SolGlow Studio Facial Spa Skin by JO Skin Care Clinic Adore Salon Hair Salon Looking Good Hair ... Hair Salon Haircolor Specialist & Extensions ... Hair Salon

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.7030102
    Latitude
    28.36118

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    FAQs

    What type of property is this?
    Office space - Commercial property in Merritt Island with historic charm and modern updates.
    Where is this office space located?
    The property is located at 290 Parnell St Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Prime corner location in Merritt Park Place with 125ft of road frontage, ensuring excellent visibility and accessibility.; - Total of ½ acre combining a .29-acre main building lot with a .22-acre adjacent lot, offering flexibility for expansion or development.; - Main building (2,066 sq ft) completely renovated in 2012 with updated plumbing, air ducts, insulation, drywall, new doors, and hurricane ties.
    (321) 474-0400
    Request Owner's contact information
    290 Parnell St Merritt Island, FL 32953
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    Merritt Island, FL 32953
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    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
    290 Parnell St Merritt Island, FL 32953
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