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    715 Courtenay Pkwy Merritt Island, FL 32953-4651
    Property profile & analytics

    715 Courtenay Pkwy, Merritt Island, FL 32953-4651

    View on Map

    • Strip malls
    • 74,543 SF
    • 6.40 lot acres
    Off-Market
    Last Sale Jun 15, 2022
    $6,160,000
    Property ID
    US18-5902343
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $6,135,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 715 Courtenay Pkwy

    Year built
    1966
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.40 lot acres
    Zone code
    BU-1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    24-36-26-BX-00000.0-0058.00
    APU
    243626BX000000005800

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $6,090,000
      ML approach
      $6,135,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,577,000
      Market price range: $5.68M - $17.0M
      AI Estimate
      $4,159,000
      Market price range: $2.66M - $6.42M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.7015
    Latitude
    28.3696
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $90,928
    $1,115,140
    $4,074,650
    $5,189,790
    -
    $1,115,140
    $4,074,650
    $5,189,790
    More about this property
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