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    375 Merritt Ave Merritt Island, FL 32953

    Sponsored
    For Lease
    $19 SF/Yr

    Prime Merritt Island retail space, 2,026 sq ft.

    Lot size:
    2,026 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional single-tenant retail property, located at 375 E Merritt Avenue, Merritt Island, FL 32953, boasts 2,026 square feet on a 0.34-acre lot (APN: 24-36-35-01-0000d.0-0011.02). The property features a spacious layout ideal for various retail uses. The open floor plan allows for flexible configuration to suit diverse business needs. The building offers a comfortable waiting/reception area and a large, adaptable main room. The property's location in Merritt Island provides excellent visibility and accessibility. This is a fantastic opportunity for a business seeking a well-maintained, single-tenant space in a desirable location. The property includes a Vivint alarm system which may be available for tenant takeover. This turnkey solution offers immediate occupancy and the potential for significant return on investment. The property is situated on a sizable lot, offering ample space for potential expansion or outdoor amenities. Don't miss this chance to secure a prime retail location in a thriving community.

    Property Features for 375 Merritt Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,026 SF

    Unit(s) available at that property

    Space
    Size
    2,026 SF
    Rate per SF
    $19

    HighLights

    • 2,026 SF single‑tenant retail building on a 0.34‑acre lot in Merritt Island, FL.
    • Open floor plan ideal for various retail uses.
    • Excellent visibility and accessibility in a desirable location.
    • Includes a Vivint alarm system (tenant takeover possible).
    • Turnkey property with immediate occupancy potential.
    • Ample lot space for potential expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Island Beauty Bliss Permanent Make-Up Clinic

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -80.6926331
    Latitude
    28.3611784

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    FAQs

    What type of property is this?
    Retail property - Prime Merritt Island retail space, 2,026 sq ft.
    Where is this retail property located?
    The property is located at 375 Merritt Ave Merritt Island, FL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: 2,026 SF single-tenant retail building on a 0.34-acre lot in Merritt Island, FL.; Open floor plan ideal for various retail uses.; Excellent visibility and accessibility in a desirable location.
    Request Owner's contact information
    375 Merritt Ave 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
    375 Merritt Ave Merritt Island, FL 32953
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