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Property profile & analytics
FOR SALE
Strip malls

715 N Courtenay Pkwy Merritt Island, FL 32953

74,543 SF 6.4 ac lot Built 1966
Individually Owned Free & Clear
Property ID
US18-5902343
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1966
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 74,543 SF
Lot 6.4 ac (278,784 SF)
Zoning code BU-1
APN 24-36-26-BX-00000.0-0058.00
UPID US18-5902343
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$6.14M
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.58M
Blend (final) Blend
$6.14M
Owner & transaction history
Jlffrey S Kidd
Jlffrey S Kidd
since 2026
Last sale
$6.2M
2 recorded transactions
2026
Price N/A
2022
$6.2M
Zoning & alternative use
BU-1 · Merritt Island, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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