3190 Courtenay Pkwy Merritt Island, FL 32953
This exceptional 6.31-acre commercial and residential land parcel presents a unique investment opportunity in desirable South Merritt Island, Florida. Located at 3190 S Courtenay Parkway, zip code 32953, the property boasts an impressive 274,863.6 square feet of land. Its prime location offers nearly 400 feet of captivating waterfront access to the Banana River, providing breathtaking views and significant development potential. The property's zoning allows for both commercial and residential uses, opening doors to a wide range of development possibilities, from luxury waterfront homes to commercial ventures capitalizing on the stunning riverfront setting. The expansive lot size provides ample space for ambitious projects, while the tranquil surroundings offer a serene and desirable location for residents and businesses alike. This is a rare opportunity to acquire a substantial piece of waterfront property in a highly sought-after area of Florida, ripe for development and poised for significant return on investment. The property's latitude and longitude coordinates are 28.470872, -80.6992633 respectively. Serious inquiries are encouraged. The asking price for this remarkable property is $359,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.