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Fully Leased Pier Park Plaza
For Sale
$799,000
Pending

1365 N Courtenay Pkwy, Merritt Island, FL 32953

Professional mixed-use office building in Merritt Island, Florida.

Property Size35,283 SF
Lot Size0.81 Acres
Days on Market186

Property Features for 1365 N Courtenay Pkwy

General Information

Standard status Pending
Size 35,283 SF
Lot size 0.81 Acres
Property subtype Commercial

Building Details

Building Size 35,283 SF
Year Built 1982
Listing Agency: PROPERTY INVESTMENT BROKERS
Listed By: Vijay Luthra · License #261853
Source: Elliman
Added: Mar 10 Changed: Sep 10 Last Checked: Sep 10 at 10:24AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PROPERTY INVESTMENT BROKERS

Investment Insights

Based on property information with market context.

Fully Leased Pier Park Plaza is a professional mixed-use office building located in unincorporated Merritt Island, Florida, within Brevard County. The property has been newly renovated and features direct frontage on State Road 3, also known as North Courtenay Parkway, the primary commercial route running north-south through Merritt Island. Brevard County is commonly referred to as the Space Coast of Florida, due to the significant impact the space industry has had on the county, in particular the presence of the Kennedy Space Center. The property is located along a busy retail and office corridor and has direct exposure to more than 32,000 vehicles per day. It is highly visible from a signaled intersection. Water is available at the site.

Key Highlights

  • Fully Leased: Provides immediate income stream.
  • Located on North Courtenay Parkway (State Road 3): Primary commercial route.
  • High Traffic Exposure: Over 32,000 vehicles per day.

Property Analytics

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Current Use

Davis Francis E ... Physician Carroll George W ... Physician MIVO Virtual Office Real Estate Agency Salt Sales Real Estate Agency Patriots & Paws Thrift ... Discount Store

Suggested Use

Top Pick Law Firm Parking Lot & Garage Auto Parts Store Big Box & Wholesale Store Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

616
Businesses Nearby

Demographics for 32953, FL

24,430
Population
11,566
Households
2.1
Avg Household Size
51
Median Age
35%
College-Educated
95%
High-School Grad
39.8 sq mi
ZIP Area
614
Density / Sq Mi
$84,248
Median Household Income
$41,534
Median Earnings
$1,300
Median Rent
$394,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Professional mixed-use office building in Merritt Island, Florida.
Where is this mixed-use property located?
The property is located at 1365 N Courtenay Pkwy Merritt Island, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Fully Leased: Provides immediate income stream.; Located on North Courtenay Parkway (State Road 3): Primary commercial route.; High Traffic Exposure: Over 32,000 vehicles per day.
More about this property
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