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    131-141 S Courtenay Pkwy Merritt Island, FL 32953

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    For Lease
    $27 SF/Yr ($2,548 /Mo)

    Retail space in Merritt Island with flexible BU-1 zoning.

    Property size:
    1,112 SF
    Lot size:
    0.72 Acres

    Property Features for 131-141 S Courtenay Pkwy

    General Information

    Size
    1,112 SF
    Lot size
    0.72 Acres

    Source: The Ullian Realty Corporation Agent Zachary Ullian

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

    Overview

    Merritt Island Retail Space Available

    This retail space, identified as Unit 139, offers an estimated 1,112 square feet with dimensions of approximately 19 feet wide by 58 feet deep. The property features an open configuration, one restroom, and a storage area. Interior finishes include LVP flooring and a drop ceiling throughout. Essential utilities are in place, with city water and sewer services, along with FPL electric. The location benefits from an estimated traffic count of 15,680 vehicles per day on Courtenay Parkway. Zoning is BU-1, accommodating a range of uses such as office, retail, medical, and restaurant businesses. There are 47 asphalt paved and striped parking spaces available. Estimated CAM is $4.00 per square foot.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -80.700578
    Latitude
    28.3550875

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    FAQs

    What type of property is this?
    Retail space - Retail space in Merritt Island with flexible BU-1 zoning.
    Where is this retail space located?
    The property is located at 131-141 S Courtenay Pkwy Merritt Island, FL.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: - BU-1 Zoning allows for diverse uses: office, retail, medical, and restaurant.; - High traffic count of approximately 15,680 vehicles per day on Courtenay Parkway.; - Features an open configuration with 1,112 SF of space (19’ Wide x 58’ Deep), restroom, and storage area.
    (321) 750-3439
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    131-141 S Courtenay Pkwy 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
    131-141 S Courtenay Pkwy Merritt Island, FL 32953
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