715 N Courtenay Pkwy Merritt Island, FL 32953
Merritt Island Square, located at 715 N Courtenay Pkwy, Merritt Island, FL 32953, presents a significant retail investment opportunity. This single-story, 74,543 square foot building sits on a 6.4-acre lot (278,784 sq ft) and features 16 suites, with a minimum divisible space of 1,850 sq ft and a maximum contiguous space of 35,000 sq ft. Currently, 20,662 sq ft is vacant. Built in 1966 and renovated in 2020, the property boasts 17-19 foot ceilings and ample parking for 375+ vehicles. The property is zoned BU-1 General Retail Commercial (APN: 24-36-26-BX-*-58) and benefits from a highly visible location on N. Courtenay Pkwy, near the intersection with a traffic count exceeding 33,000 vehicles daily. The center is anchored by established national tenants. The property's location within Brevard County provides access to a substantial consumer base of over 100,000 residents within a five-mile radius, exhibiting high average household income ($79,511) and home value ($375,000). This area demonstrates significant consumer spending, totaling $1 billion annually, with notable allocations to food and beverage, entertainment, and apparel. The property offers excellent visibility and accessibility, making it an ideal location for businesses seeking to capitalize on the thriving retail environment of Merritt Island.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BU-1 · Merritt Island, FLMerritt Island. Always verify with local authorities before improvements.
Costs & Benchmarks
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.