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Property profile & analytics
OFF-MARKET
Neighborhood centers

780 Merritt Island Cswy Merritt Island, FL 32952

82,163 SF Built 1996
Property ID
Property summary
AI-generated overview

Sabal Pointe Plaza, located at 780 E Merritt Island Cswy, Merritt Island, FL 32952, presents a compelling investment opportunity in a thriving retail environment. This 82,163 square foot shopping center, built in 1996, features a multi-tenant configuration with a variety of storefront and strip center spaces. The property sits on an 8.83-acre lot and is zoned BU-2. Currently, there are 23,115 square feet of vacant space available, with minimum divisible units of 1,500 square feet and a maximum contiguous space of 8,472 square feet. The center benefits from a high-traffic location at the corner of E Merritt Island Causeway and Sykes Creek Parkway, providing excellent visibility and accessibility. Ample parking is available for customers and tenants. A key feature is a second-generation restaurant space ready for immediate occupancy, and an available restaurant outparcel. The property offers ideal signage opportunities for increased brand awareness. This established center boasts strong anchor tenants, making it an attractive option for businesses seeking a prime retail location in Brevard County, Florida.

Property profile
Verified
Property type Neighborhood centers
Year built 1996
Total area 82,163 SF
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
Current use
Occupant on record · Public records
  • Michaels Custom Framing (Bike/Boat/Book/etc) Store Home Decor Store
  • Supercuts Barber Shop
  • Richard's Paint Hardware & Home Improvement Building Supply
  • Nails By Tony Nail Salon
  • Michaels (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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