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    Courtenay Pkwy Merritt Island, FL 32953

    For Sale
    $1,900,000

    28-Acre Warehouse Site, $1.9M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 28-acre commercial property, located at 0 N Courtenay Pkwy, Merritt Island, FL 32953 (APN 23-36-13-00-00502.0-0000.00), presents a unique investment opportunity. Boasting a substantial 1,211,839 square feet of land, priced at $67,857.14 per acre, this site is strategically positioned within major transportation corridors, offering seamless access to space, air, sea, highway, and rail networks. Its proximity—just three miles from the secure gate to NASA and Cape Canaveral Air Force Station—makes it ideal for contractors seeking to build custom facilities. The property's zoning allows for industrial park development, supporting transportation needs via Port Canaveral and Orlando International Airport. Given the ongoing revitalization of Kennedy Space Center and the presence of major players like SpaceX, Blue Origin, and OneWeb, this location offers significant long-term growth potential. The nearby development of "Exploration Park" within Kennedy Space Center, which only offers lease opportunities, further underscores the value of this unique land ownership opportunity. This is a prime location for businesses seeking to establish a strong presence in a thriving aerospace and logistics hub.

    Property Features for 0 Courtenay Pkwy

    General Information

    Property type
    Distribution properties

    HighLights

    • $1,900,000 asking price.
    • 28‑acre industrial land parcel.
    • 1,211,839 square feet lot size.
    • $67,857.14 per acre land value.
    • Located in Merritt Island, FL, near NASA and Cape Canaveral Air Force Station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.7000701
    Latitude
    28.3570994

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    FAQs

    What type of property is this?
    Distribution property - 28-Acre Warehouse Site, $1.9M
    Where is this distribution property located?
    The property is located at Courtenay Pkwy Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: $1,900,000 asking price.; 28-acre industrial land parcel.; 1,211,839 square feet lot size.
    Request Owner's contact information
    Courtenay Pkwy 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
    Courtenay Pkwy Merritt Island, FL 32953
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