2137 Courtenay Pkwy Merritt Island, FL 32953-4255
- Strip malls
- 16,648 SF
- 1.37 lot acres
Current Use by Public Records
- Tillman's Barbershop LLC / Barber Shop
- WJS Outdoors / Police Supply Store / Safety Equipment Supplier
- NR Supply / Hardware Store
- Salon Tropics LLC / Hair Salon / Beauty Salon
- Chi Lin Restaurant / Asian Restaurant / Chinese Restaurant
Property Details for 2137 Courtenay Pkwy
- Year built
- 1977
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.37 lot acres
- Property size
- 16,648 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 24-36-14-00-00530.0-0000.00
- APU
- 9223372036854775807
Description
The Village Shops of Merritt Island offers exceptional retail opportunities in a thriving Brevard County neighborhood. This 14,144 square foot plaza, built in 1977 and zoned BU-1, sits on a 1.37-acre lot and provides convenient storefront parking. Two spaces are currently available, ranging from 750 to 1,990 contiguous square feet, with a minimum divisible space of 750 square feet. The property boasts a highly visible location on Merritt Island's main north/south thoroughfare, ensuring excellent exposure to a substantial customer base. Its convenient placement just north of Skyline Boulevard further enhances its accessibility and desirability. The plaza offers monument and building signage opportunities, allowing businesses to effectively promote their brands. This established neighborhood center presents a unique chance to establish or expand a retail presence in a high-traffic area with easy access and strong visibility. The flexible space options cater to a variety of retail needs, making it an ideal location for businesses seeking a prominent and accessible storefront in a well-established commercial area. The property's location and features make it an attractive investment for businesses seeking a strong foothold in the Merritt Island market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $690,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $600,000
- 6.5%
- $615,000
- 7%
- $675,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $575,000
- Geo Method
- $560,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $565,000
- Retail
- $670,000
- Mixed-Use
- $625,000
- Hospitality
- $595,000
- Educational
- $525,000
- Residential Income
- $630,000
- Energy
- $680,000
- Income-Based Land
- $600,000
- Food Service
- $555,000
Location Insight
- Map
- Local Demand
- City
- Merritt Island
- County
- Brevard
- State
- Florida
- Longitude
- -80.7048
- Latitude
- 28.3952
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
