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    4555 Courtenay Pkwy Merritt Island, FL 32953

    Sponsored
    For Sale
    $325,000

    Prime Retail Lot, High Traffic Area, $325,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 64,468.8 square foot commercial lot, located at 4555 N Courtenay Parkway in Merritt Island, Florida (zip code 32953), presents a unique investment opportunity. Built in 2023, this single-story, one-unit retail property boasts unparalleled visibility and accessibility. Situated on North Courtenay Parkway, the property benefits from high daily traffic volume, with thousands of cars passing by daily en route to and from the Kennedy Space Center. This translates to significant potential for attracting a wide customer base. The property is zoned BU-1-A, a restricted neighborhood retail commercial zoning classification designed to serve nearby residential areas with limited retail shopping and personal services. A list of approved businesses for this site is available through Brevard County. The asking price for this prime retail location is $325,000. This represents a compelling opportunity to establish a thriving business in a high-demand area with excellent visibility and convenient access. The property's size and zoning provide flexibility for a variety of retail ventures. Don't miss this chance to secure a prominent location in a thriving community.

    Property Features for 4555 Courtenay Pkwy

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    2023
    Stories
    1
    Units
    1

    HighLights

    • 64,468.8 SF commercial lot in Merritt Island, FL (32953).
    • New construction (2023), single‑story retail building with high visibility on N Courtenay Parkway.
    • High daily traffic counts due to proximity to Kennedy Space Center.
    • BU‑1‑A zoning; approved uses available from Brevard County.
    • $325,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Salty Bean Cafe

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Building Supply Auto Repair Shop Gym & Fitness Accounting Firm Auto Parts Store Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.709876
    Latitude
    28.439301

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Lot, High Traffic Area, $325,000
    Where is this retail property located?
    The property is located at 4555 Courtenay Pkwy Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: 64,468.8 SF commercial lot in Merritt Island, FL (32953).; New construction (2023), single-story retail building with high visibility on N Courtenay Parkway.; High daily traffic counts due to proximity to Kennedy Space Center.
    Request Owner's contact information
    4555 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
    4555 Courtenay Pkwy Merritt Island, FL 32953
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