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    3450 Courtenay Pkwy Merritt Island, FL 32952

    For Sale
    $300,000

    5+ Acre Commercial/Residential Lot, Owner Financing

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 223,463 square foot lot presents a unique opportunity in Merritt Island, Florida. Located at 3450 S Courtenay Parkway, zip code 32952, this expansive property offers both commercial and residential development potential. Boasting a stunning waterfront location on the Banana River, the lot provides breathtaking views. Its 5+ acre size allows for substantial building plans, catering to a variety of uses. The property's prime location offers easy access to excellent schools, a wide array of shopping and dining options, and major employers such as NASA and Patrick Air Force Base. This makes it ideal for those working in Brevard County's thriving engineering sector. The convenience and beauty of this location combine to create an unparalleled opportunity to build a dream home or develop a commercial venture. The seller is offering owner financing, making this exceptional property even more accessible. Don't miss this chance to secure a piece of desirable South Merritt Island real estate.

    Property Features for 3450 Courtenay Pkwy

    General Information

    Property type
    Land

    HighLights

    • 223,463 SF lot in Merritt Island, FL (3450 S Courtenay Parkway, 32952).
    • Waterfront location on the Banana River with stunning views.
    • 5+ acre lot suitable for commercial or residential development.
    • Prime location near schools, shopping, dining, NASA, and Patrick AFB.
    • Owner financing available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.674266
    Latitude
    28.299134

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    FAQs

    What type of property is this?
    Land - 5+ Acre Commercial/Residential Lot, Owner Financing
    Where is this land located?
    The property is located at 3450 Courtenay Pkwy Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: 223,463 SF lot in Merritt Island, FL (3450 S Courtenay Parkway, 32952).; Waterfront location on the Banana River with stunning views.; 5+ acre lot suitable for commercial or residential development.
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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
    3450 Courtenay Pkwy Merritt Island, FL 32952
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