777 Merritt Island CswyMerritt Island, FL 32952

Property Details for 777 Merritt Island Cswy

Year built

1970

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

55.06 AC

Property size (Sq ft)

558,559 SF

Zone code

BU-1

Property type

Retail properties

Property subtype

Super regional malls

APN

24-36-36-00-00253.1-0000.00

APU

9223372036854775807

Description

Merritt Square Mall presents a unique opportunity for retailers seeking high-traffic locations in Brevard County, Florida. This enclosed shopping mall boasts 811,277 square feet of total space, with 192,501 square feet currently vacant and available for lease. Units range from a minimum of 565 square feet to a maximum contiguous space of 120,000 square feet, offering flexibility for businesses of various sizes. The mall enjoys a highly desirable location on State Road 520, just three miles from I-95, providing excellent accessibility and visibility. Its proximity to Port Canaveral, one of the busiest cruise ports, further enhances its appeal, with daily shuttles connecting the mall to the port. The mall benefits from a substantial traffic count of 33,500 vehicles per day and attracts an impressive 1.6 million annual visitors. Strong anchor tenants include Cobb Theatres, Dillard's, JCPenney, Macy's, and Ollie's Bargain Outlet, creating a robust and established retail environment. A pad site is also available for lease. This is an exceptional opportunity to establish or expand your business within a thriving retail center. Thirty-six spaces are currently available. Contact us today to learn more about leasing options.

• CAP approach

  CAP return

  Valuation

  6%

  $207,351,024

  6.5%

  $191,400,944

  7%

  $177,729,456

• Comparable approach

  Method

  Valuation

  Relative Method

  $233,241,392

  Geo Method

  $221,030,512

• Alternative Use

  Use

  Valuation

  Residential

  $161,453,856

  Hospitality

  $147,890,864

  Educational

  $123,043,464

  Medical

  $127,275,120

  Retail

  $191,400,944

Location Insight

City

Merritt Island

County

Brevard

State

Florida

Latitude

28.3545

Longitude

-80.6863

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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