217 Grv & Parnell St St Merritt Island, FL 32953
- Retail properties
- 2,570 SF
- 0.43 lot acres
Current Use by Public Records
- Retail properties
Property Details for 217 Grv & Parnell St St
- Year built
- 1952
- Lot size
- 0.43 lot acres
- Property size
- 2,570 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents two adjoining retail properties totaling 2,570 square feet on a 0.43-acre lot in the desirable Merritt Park Place community of Merritt Island, Florida (32953). Located at 217 N Grove St and 224 Parnell St, this package deal offers significant upside. The properties are currently generating income with existing tenants, providing immediate return on investment. Alternatively, the properties are zoned for retail use (BCPAO property use 1100-Retail), allowing for diverse redevelopment possibilities to suit your vision. Recent upgrades enhance the value and appeal. The Grove Street property boasts a new AC unit (2023), roof (2022), windows (2022), and electrical system (2021). The Parnell Street property features expanded concrete parking and carport areas (2021), a renovated barn/shed roof (2022), and a remodeled bathroom (2023). This central location offers walkability to local shops and restaurants, with convenient access to beaches and major roadways. The properties' combined size and prime location make this a rare find in a thriving community. The asking price is $600,000, representing a price per square foot of $233.46. Built in 1952, these single-story buildings present a unique blend of established character and modern updates, ideal for both seasoned investors and first-time buyers. The APN is 24-36-35-32-0000k.0-0003.00.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Merritt Island
- County
- Brevard
- State
- Florida
- Longitude
- -80.7032
- Latitude
- 28.3593
