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    85 Merritt Ave Merritt Island, FL 32953

    For Lease
    Contact for pricing

    High-traffic retail space available.

    Lot size:
    97,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Home Depot Plaza, located at 85-240 E Merritt Avenue, Merritt Island, FL 32953, presents a prime retail opportunity in Brevard County. This shopping center/strip center offers a total of 97,500 square feet of retail space, currently comprised of two suites. A significant portion of the property, totaling 7,865 square feet, is currently vacant and available for lease. Individual spaces range from a minimum of 2,400 square feet to a maximum contiguous space of 5,465 square feet, providing flexibility for various retail businesses. The property boasts abundant parking, ensuring convenient access for customers. The property's strategic location in Merritt Island, Florida, offers high visibility and accessibility, making it an ideal location for businesses seeking strong foot traffic and exposure. This is a multi-tenant property, providing a vibrant and diverse retail environment. The property type is retail, specifically a shopping center/strip center. Interested parties should inquire about lease terms and availability. The property is situated in a thriving commercial area of Brevard County, offering excellent potential for growth and success.

    Property Features for 85 Merritt Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    97,500 SF

    Unit(s) available at that property

    Space
    Suite 111
    Size
    2,400 SF
    Space
    Suite 125
    Size
    5,465 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Bella Sicilia Cafe Southern Italian Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.6945981
    Latitude
    28.3614182

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail space available.
    Where is this neighborhood center located?
    The property is located at 85 Merritt Ave Merritt Island, FL.
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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
    85 Merritt Ave Merritt Island, FL 32953
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