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Property profile & analytics
FOR SALE
Bars & Pubs

2625 N Courtenay Pkwy Merritt Island, FL 32953

5,473 SF 0.95 ac lot Built 1968
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US18-2387902
Property summary
AI-generated overview

This exceptional 4,539-square-foot freestanding retail storefront presents a compelling investment opportunity in Merritt Island, Florida. Situated on a prominent 0.95-acre corner lot at the Northwest corner of North Courtenay Parkway and Heidi Lane, this property benefits from excellent visibility and accessibility, directly off State Road 528. Built in 1968, the building is zoned BU-1, offering versatility for a range of retail uses. The property boasts a high traffic count of 34,000 AADT (Average Annual Daily Traffic), ensuring significant exposure to potential customers. Its location on a major thoroughfare in Merritt Island guarantees substantial foot and vehicle traffic. The ample lot size provides ample parking and potential for expansion or future development. The property's parcel number (APN) is 24-36-14-00-261. This prime retail location offers a unique chance to establish or expand a successful business in a thriving community. The property's size, location, and high traffic volume make it an ideal investment for discerning buyers seeking a strong return on investment.

Property profile
Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1968
Construction WOOD
Total area 5,473 SF
Lot 0.95 ac (41,382 SF)
Zoning code BU1
APN 24-36-14-00-00261.0-0000.00
UPID US18-2387902
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
  • Curative COVID-19 Test Site Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Port Village LLC · 7 yrs held
Port Village LLC
since 2018
7 recorded transactions
2018
$350,000
2017
Price N/A
2014
$240,000
2013
$101,000
2012
Price N/A
2010
Price N/A
1969
Price N/A
Zoning & alternative use
BU1 · Merritt Island, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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