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Property profile & analytics
OFF-MARKET
Land

0 Courtenay Pkwy Merritt Island, FL 32953

Property ID
Property summary
AI-generated overview

This exceptional 89,298 square foot commercial land parcel is located at 0 N Courtenay Parkway, Merritt Island, Florida, 32953. Currently zoned residential, this property presents a significant opportunity for commercial development, with potential rezoning to BU1 or BU2. The expansive lot boasts substantial frontage on the busy N. Courtenay Parkway (SR3 corridor), ensuring high visibility and accessibility. Its prime location offers excellent potential for a variety of commercial uses, including strip centers, single-user buildings, national prototype developments, franchises, service businesses, medical facilities, or mixed-use projects. The property is situated in a high-traffic area with numerous established businesses, providing a strong foundation for future success. Its convenient location offers easy access to major thoroughfares, the Space Center, beaches, Port Canaveral, and established business corridors. Furthermore, the property enjoys proximity to the beachline, airport, and Orlando, enhancing its appeal and accessibility. The land is high and dry, currently heavily wooded. The seller is prepared to initiate preliminary environmental studies and site plan work to facilitate commercial development, streamlining the process for the buyer.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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