850 Courtenay Pkwy Merritt Island, FL 32953-4659
This exceptional 0.5+ acre corner lot, located at 850 N Courtenay Parkway in Merritt Island, Florida (zip code 32953), presents a unique redevelopment opportunity. Zoned BU-1, this property boasts approximately 150 feet of frontage on N Courtenay Parkway, a high-traffic area with an impressive 28,000 AADT (Average Annual Daily Traffic) per FDOT data. Previously occupied by a fuel station, the existing fuel tanks and canopy have been removed, leaving a clean slate for a wide range of commercial ventures. The property's central Merritt Island location offers excellent visibility and accessibility. Built in 1964, this single-unit retail site is ready for its next chapter. The expansive lot size provides ample space for new construction or significant expansion. For investors seeking a flexible option, a ground lease is also available. This is an unparalleled chance to capitalize on a highly desirable location and create a thriving commercial enterprise. The property is situated in Brevard County and offers significant potential for a variety of commercial uses given its size and location. Serious inquiries are encouraged.
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Auto Depot Car Dealership
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.