3900 Courtenay Pkwy Merritt Island, FL 32953
This exceptional 37-acre parcel presents a unique investment opportunity in Brevard County, Florida. Located at 3900 N Courtenay Pkwy and 165 Gator Drive, Merritt Island, FL 32953 (28.4275484, -80.7036875), this contiguous land boasts 90 feet of frontage on Courtenay Parkway. The property's dual agricultural and residential zoning offers diverse development potential. Its strategic location provides convenient access to key areas: less than 20 minutes to Port St. John, 25 minutes to Titusville, only 9 miles from Cape Canaveral, and 6 miles from Cocoa. This makes it ideal for a variety of uses, from agricultural pursuits to residential development, or a combination thereof. The asking price for this expansive land parcel is $2,400,000. Given its size, location, and zoning, this property represents a compelling investment opportunity with significant upside potential. Serious inquiries are encouraged to explore the possibilities this remarkable land offering presents. The property is situated in Brevard County and offers a rare combination of accessibility and expansive acreage. Don't miss this chance to acquire a substantial land holding in a rapidly growing region of Florida.
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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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.