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    Courtenay Pkwy Merritt Island, FL 32953

    For Sale
    $330,000

    Over 2 acres, high-traffic location, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 89,298 square foot commercial land parcel is located at 0 N Courtenay Parkway, Merritt Island, Florida, 32953. Currently zoned residential, this property presents a significant opportunity for commercial development, with potential rezoning to BU1 or BU2. The expansive lot boasts substantial frontage on the busy N. Courtenay Parkway (SR3 corridor), ensuring high visibility and accessibility. Its prime location offers excellent potential for a variety of commercial uses, including strip centers, single-user buildings, national prototype developments, franchises, service businesses, medical facilities, or mixed-use projects. The property is situated in a high-traffic area with numerous established businesses, providing a strong foundation for future success. Its convenient location offers easy access to major thoroughfares, the Space Center, beaches, Port Canaveral, and established business corridors. Furthermore, the property enjoys proximity to the beachline, airport, and Orlando, enhancing its appeal and accessibility. The land is high and dry, currently heavily wooded. The seller is prepared to initiate preliminary environmental studies and site plan work to facilitate commercial development, streamlining the process for the buyer.

    Property Features for 0 Courtenay Pkwy

    General Information

    Property type
    Land

    HighLights

    • 89,298 SF commercial land parcel at 0 N Courtenay Parkway, Merritt Island, FL 32953.
    • Currently residentially zoned, with potential for BU1 or BU2 rezoning.
    • High visibility and accessibility due to substantial frontage on N. Courtenay Parkway (SR3).
    • Suitable for various commercial uses, including retail, single‑user buildings, and medical facilities.
    • Located in a high‑traffic area with established businesses, near major thoroughfares, the Space Center, beaches, Port Canaveral, and Orlando.
    • High and dry land, currently wooded; seller will initiate preliminary environmental studies and site plan work.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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?
    Land - Over 2 acres, high-traffic location, development potential.
    Where is this land located?
    The property is located at Courtenay Pkwy Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: 89,298 SF commercial land parcel at 0 N Courtenay Parkway, Merritt Island, FL 32953.; Currently residentially zoned, with potential for BU1 or BU2 rezoning.; High visibility and accessibility due to substantial frontage on N. Courtenay Parkway (SR3).
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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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