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    780 Merritt Island Cswy Merritt Island, FL 32952

    Sponsored
    For Lease
    $14 SF/Yr

    High-traffic location, ample parking, diverse spaces.

    Lot size:
    82,163 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Sabal Pointe Plaza, located at 780 E Merritt Island Cswy, Merritt Island, FL 32952, presents a compelling investment opportunity in a thriving retail environment. This 82,163 square foot shopping center, built in 1996, features a multi-tenant configuration with a variety of storefront and strip center spaces. The property sits on an 8.83-acre lot and is zoned BU-2. Currently, there are 23,115 square feet of vacant space available, with minimum divisible units of 1,500 square feet and a maximum contiguous space of 8,472 square feet. The center benefits from a high-traffic location at the corner of E Merritt Island Causeway and Sykes Creek Parkway, providing excellent visibility and accessibility. Ample parking is available for customers and tenants. A key feature is a second-generation restaurant space ready for immediate occupancy, and an available restaurant outparcel. The property offers ideal signage opportunities for increased brand awareness. This established center boasts strong anchor tenants, making it an attractive option for businesses seeking a prime retail location in Brevard County, Florida.

    Property Features for 780 Merritt Island Cswy

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    82,163 SF
    Total Rate
    95856.83

    Building Details

    Year Built
    1996

    Unit(s) available at that property

    Space
    Restaurant
    Size
    3,614 SF
    Rate per SF
    $30
    Space
    Suite 5
    Size
    8,029 SF
    Rate per SF
    $14
    Space
    Suite 3A
    Size
    8,472 SF
    Rate per SF
    $14
    Space
    Suite C101
    Size
    1,500 SF
    Rate per SF
    $20
    Property Profile Location Intelligence

    Current Use by Public Records

    Michaels Custom Framing Picture Frame Shop Supercuts Barber Shop Richard's Paint Paint Store Nails By Tony Nail Salon Michaels Craft Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -80.685312
    Latitude
    28.3587555

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic location, ample parking, diverse spaces.
    Where is this neighborhood center located?
    The property is located at 780 Merritt Island Cswy Merritt Island, FL.
    What is the lease rate?
    The lease rate is $14-$30 SF/Yr.
    Request Owner's contact information
    780 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
    780 Merritt Island Cswy Merritt Island, FL 32952
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