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    440 Merritt Island Cswy Merritt Island, FL 32952

    Sponsored
    For Sale
    $925,000

    High-traffic retail land, 34,412 SF

    Property size:
    34,412 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 440 W Merritt Island Causeway, Merritt Island, FL 32952, presents a unique investment opportunity. The property encompasses a substantial 34,412 square feet of land, zoned BU-2, and offers fee simple ownership. Built in 1958, the site includes an existing 1,050 square foot building, providing immediate potential for various uses. The .79-acre lot boasts prime frontage on SR 520, ensuring high visibility and accessibility. Two convenient curb cuts are already in place, catering to ease of access for customers. The property benefits from its strategic location just west of Courtenay Parkway and the Tropical Trail traffic lights, guaranteeing significant traffic counts. This makes it an ideal location for retail businesses, including those with drive-thru capabilities, capitalizing on the high volume of passing vehicles. The property's size and location make it a compelling prospect for investors seeking a strong foothold in a thriving commercial area. The asking price is $925,000. This is a rare opportunity to acquire a well-positioned commercial property with significant development potential in a high-traffic area of Merritt Island.

    Property Features for 440 Merritt Island Cswy

    General Information

    Property type
    Land
    Square Feet
    34,412 SF

    Building Details

    Year Built
    1958
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.705898670435
    Latitude
    28.356986050978

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    FAQs

    What type of property is this?
    Land - High-traffic retail land, 34,412 SF
    Where is this land located?
    The property is located at 440 Merritt Island Cswy Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $925,000.
    Request Owner's contact information
    440 Merritt Island Cswy 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
    440 Merritt Island Cswy Merritt Island, FL 32952
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