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    925 Courtenay Pkwy Merritt Island, FL 32953

    For Lease
    $17 SF/Yr

    High-traffic retail space, prime location.

    Lot size:
    17,258 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Merritt Island retail property, located at 925 N Courtenay Pkwy, 32953, offers 17,258 square feet of space in a single-story building constructed in 1997. The property sits on a 3.17-acre lot and features 29 suites, with 11,418 square feet currently vacant. Minimum divisible space is 600 square feet, with a maximum contiguous space of 10,000 square feet available. The building boasts a 14-foot ceiling height and ample parking with 105 spaces. Benefit from a high-traffic location with a daily count of 35,700 vehicles (per FDOT 2009 AADT) and recent renovations, including a new 20-foot pylon sign. The property is zoned BU-1 and enjoys proximity to major destinations like Kennedy Space Center, Cocoa Beach, Port Canaveral, and Orlando. This location offers a blend of high visibility and a built-in customer base due to nearby residential areas. One remaining unit (600 sq ft) is available. The property's APN is 24-36-26-BX-*-44.03, located in Brevard County, Florida. This is a rare opportunity to secure retail space in a thriving area.

    Property Features for 925 Courtenay Pkwy

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,258 SF
    Total Rate
    24448.83

    Building Details

    Year Built
    1997
    Stories
    1

    Unit(s) available at that property

    Space
    Available Suite 6
    Size
    818 SF
    Rate per SF
    $17
    Space
    Available Space 101
    Size
    600 SF
    Rate per SF
    $25

    HighLights

    • Utilities: Cocoa Water, Miami‑Dade County sewer, and Florida Power & Light (FPL) service.
    • Location: High‑visibility corner lot on Courtenay Parkway, offering excellent daily traffic counts exceeding 33,000 vehicles, situated two miles south of SR 528 and one mile north of SR 520.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Yaakuza Japanese Thai ... Japanese Restaurant Tetra Horizon | Marijuana ... Doctor Chris & Company (Formerly ... Barber Shop Tricon Development Inc Real Estate Developer Smoke Rings 72 Bar

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.700960246307
    Latitude
    28.37291535896

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail space, prime location.
    Where is this neighborhood center located?
    The property is located at 925 Courtenay Pkwy Merritt Island, FL.
    What is the lease rate?
    The lease rate is $17-$25 SF/Yr.
    What are key features of this property?
    This property features: Utilities: Cocoa Water, Miami-Dade County sewer, and Florida Power & Light (FPL) service.; Location: High-visibility corner lot on Courtenay Parkway, offering excellent daily traffic counts exceeding 33,000 vehicles, situated two miles south of SR 528 and one mile north of SR 520.;
    Request Owner's contact information
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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
    925 Courtenay Pkwy Merritt Island, FL 32953
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