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    255 Fortenberry Rd Merritt Island, FL 32952

    Sponsored
    For Sale
    $360,000

    Two-story office, great location, $360,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional two-story office building, located at 255 Fortenberry Road in Merritt Island, Florida, presents a compelling investment opportunity. The property, built in 1974, sits on a 5,662.8 square foot lot and offers a total of 2,250 square feet of office space, currently divided into two separate suites. This ground-floor space is conveniently accessible, featuring no steps for easy entry. One suite is currently vacant, providing immediate potential for new income generation or owner-occupancy. The other suite is occupied by a month-to-month tenant, offering flexibility and potential for increased rental income upon lease renewal or vacancy. The building's prime location in Merritt Island, zip code 32952, makes it ideally suited for a variety of professional uses, including medical offices, CPA firms, or insurance agencies. The asking price for this property is $360,000. This presents a rare chance to acquire a well-situated, versatile office building in a thriving Florida community. The property's existing tenant and vacant suite offer immediate income potential and flexibility for future development. This is an excellent opportunity for investors or business owners seeking a strategic location in Brevard County.

    Property Features for 255 Fortenberry Rd

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1974
    Stories
    2
    Units
    1

    HighLights

    • Exceptional two‑story office building in Merritt Island, FL.
    • 2,250 sq ft of office space on a 5,662.8 sq ft lot.
    • Ground‑floor access with two suites; one vacant, one month‑to‑month tenancy.
    • Located in prime Merritt Island (32952), ideal for various professional uses.
    • Asking price: $360,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alternacare of Brevard MD ... Medical Clinic ROCKLEDGE HMA MEDICAL ... Medical Group Atlantic Coast Medical Doctor Dr. Mioara C. ... Internist Dr. Janie F. ... Obstetrician-Gynecologist

    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
    -80.6948894
    Latitude
    28.3537558

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    FAQs

    What type of property is this?
    Office Property / Space - Two-story office, great location, $360,000
    Where is this office property / space located?
    The property is located at 255 Fortenberry Rd Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: Exceptional two-story office building in Merritt Island, FL.; 2,250 sq ft of office space on a 5,662.8 sq ft lot.; Ground-floor access with two suites; one vacant, one month-to-month tenancy.
    Request Owner's contact information
    255 Fortenberry Rd Merritt Island, FL 32952
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    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
    255 Fortenberry Rd Merritt Island, FL 32952
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