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    324 East Merritt Island Cswy Merritt Island, FL 32952

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    For Sale
    $1,995,000

    Retail property located near Cocoa Beach and future hospital.

    Property size:
    3,819 SF
    Lot size:
    0.93 Acres

    Property Features for 324 East Merritt Island Cswy

    General Information

    Size
    3,819 SF
    Lot size
    0.93 Acres

    Source: STNL Development Agent Nash Williams

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

    Overview

    Retail Property Near Cocoa Beach

    This 3,819 square foot retail property is located 4 minutes from Cocoa Beach, a tourist destination that attracts 2.5 million visitors annually. The property is situated 0.2 miles west of a planned 7-story private hospital. BJ’s Wholesale, Publix Super Market, and The Home Depot are located within a half-mile radius of the property.
    Insight Report Location Intelligence

    Current Use by Public Records

    Surterra Wellness - Medical ... Cannabis Store

    Suggested Use

    Law Firm Restaurant Realty agency 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
    -80.6936548
    Latitude
    28.3575484

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    FAQs

    What type of property is this?
    Retail property - Retail property located near Cocoa Beach and future hospital.
    Where is this retail property located?
    The property is located at 324 East Merritt Island Cswy Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: - Prime location: Just 4 minutes from Cocoa Beach, a major tourist destination.; - Close to future 7-story private hospital (0.2 miles).; - Located near major retail anchors like BJ's Wholesale, Publix, and Home Depot (within ½ mile).
    (513) 438-5150
    Request Owner's contact information
    324 East Merritt Island Cswy Merritt Island, FL 32952
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    Merritt Island, FL 32952
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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
    324 East Merritt Island Cswy Merritt Island, FL 32952
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