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    2625 Courtenay Pkwy Merritt Island, FL 32953

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    For Sale
    Contact for pricing

    High-traffic corner lot retail space.

    Property size:
    4,539 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,539-square-foot freestanding retail storefront presents a compelling investment opportunity in Merritt Island, Florida. Situated on a prominent 0.95-acre corner lot at the Northwest corner of North Courtenay Parkway and Heidi Lane, this property benefits from excellent visibility and accessibility, directly off State Road 528. Built in 1968, the building is zoned BU-1, offering versatility for a range of retail uses. The property boasts a high traffic count of 34,000 AADT (Average Annual Daily Traffic), ensuring significant exposure to potential customers. Its location on a major thoroughfare in Merritt Island guarantees substantial foot and vehicle traffic. The ample lot size provides ample parking and potential for expansion or future development. The property's parcel number (APN) is 24-36-14-00-261. This prime retail location offers a unique chance to establish or expand a successful business in a thriving community. The property's size, location, and high traffic volume make it an ideal investment for discerning buyers seeking a strong return on investment.

    Property Features for 2625 Courtenay Pkwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,539 SF
    Lot Size
    41,382 SF

    Building Details

    Year Built
    1968

    HighLights

    • 0.95‑acre lot, built in 1968.
    • 4,539 square foot building.
    • BU‑1 zoning.
    • APN: 24‑36‑14‑00‑261.
    Property Profile Location Intelligence

    Current Use by Public Records

    Curative COVID-19 Test ... Medical Laboratory

    Suggested Use

    Realty agency Law Firm 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
    -80.70611281
    Latitude
    28.40397485

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic corner lot retail space.
    Where is this individual retail property located?
    The property is located at 2625 Courtenay Pkwy Merritt Island, FL.
    What are key features of this property?
    This property features: 0.95-acre lot, built in 1968.; 4,539 square foot building.; BU-1 zoning.
    Request Owner's contact information
    2625 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
    2625 Courtenay Pkwy Merritt Island, FL 32953
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