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Property profile & analytics
FOR LEASE
Strip malls

1070 North Courtenay Pkwy Merritt Island, FL 32953

3,000 SF 0.39 ac lot Built 1964
Trust Owned 6-yr Hold ~ Est. High Equity
Property ID
US18-3816942
1070 North Courtenay Pkwy, Merritt Island, FL 32953 For Lease
$845,000 1,800 SF available
1070 North Courtenay Pkwy, Merritt Island, FL 32953
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Property summary
AI-generated overview

This exceptional 1,800-square-foot single-tenant space is ideally situated at the southeast corner of North Courtenay Parkway and Mustang Way in Merritt Island, Florida (zip code 32953). Classified as both retail and executive office space, this property presents a prime endcap opportunity with unparalleled visibility and high street traffic. The building's total square footage is 1,800 square feet, with the entire space currently vacant and ready for immediate occupancy. Ample parking is available for tenants and their clients, ensuring convenient access. Located in Brevard County, this property benefits from strong traffic counts and excellent visibility, making it an ideal location for a variety of businesses. The property's address is 1070 N. Courtenay Parkway, Merritt Island, FL. This is a single-tenant space, offering a unique opportunity for a business seeking a prominent location with high visibility and ample parking in a thriving area. The property type is listed as both retail and office, providing flexibility for potential tenants. The entire 1,800 square feet is available.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,000 SF
Lot 0.39 ac (16,988 SF)
Zoning code BU1
APN 24-36-26-BX-00000.0-0035.04
UPID US18-3816942
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
  • AT&T Store Telecommunications Service
  • AT&T - Internet Service Provider Telecommunications Service Data Center
  • Merle Norman Cosmetic Studio Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$960k
CAP Approach CAP
$615k
Comparable Approach Comparable
$684k
Blend (final) Blend
$845k
Owner & transaction history
Mailhot,claire Trust · 6 yrs held
Mailhot,claire Trust
since 2020
Last sale
$850,000
7 recorded transactions
2020
Price N/A
2019
$850,000
2017
Price N/A
2016
$300,000
2016
Price N/A
1997
$215,000
1969
Price N/A
Zoning & alternative use
BU1 · Merritt Island, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $710,000 +72.1%
Auto repair, garage $625,000 +51.4%
Office building $530,000 +28.6%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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