For Sale
$1,300,000

2235 Courtenay PkwyMerritt Island, FL 32953

1.29-acre commercial property, high-traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity encompasses a 1.29-acre commercial parcel in Merritt Island, Florida, featuring a two-story, 12,495-square-foot freestanding office building and ten additional storage units totaling 2,457 square feet on a separate parcel. The property, situated at the northwest corner of N. Courtenay Parkway and Butler Avenue, boasts a prime location with high visibility on a major commercial thoroughfare experiencing over 30,500 AADT. The main office building, constructed in 1987 and renovated in 2024, offers multiple entrances, balconies, open porches, and a split floor plan, along with approximately 49 parking spaces. Recent improvements include the replacement of all air conditioners and most lighting fixtures with energy-efficient LEDs. The ten storage units, located on a separate 0.32-acre parcel, present additional income potential or redevelopment possibilities. The property's zoning permits a variety of uses, including retail, professional, and personal services, with a maximum building height of 45 feet and a floor area ratio of 1.0. The existing building is currently partially occupied by tenants on short-term leases, providing immediate cash flow while allowing for future redevelopment plans. This versatile property offers multiple development options, from renovating the existing structures to complete demolition and construction of a new mixed-use or retail development. The property's proximity to Cape Canaveral, Kennedy Space Center, and NASA, coupled with the thriving space and cruise industries, presents a compelling investment opportunity in a dynamic market. Potential buyers are responsible for verifying all permits, approvals, regulations, and other relevant factors before closing.

Highlights

  • 1.29-acre commercial parcel with a 12,495 SF two-story office building and ten 2,457 SF storage units on a separate 0.32-acre parcel.
  • Recently renovated (2024) office building features multiple entrances, balconies, open porches, a split floor plan, and approximately 49 parking spaces. All air conditioners replaced, most lighting upgraded to energy-efficient LEDs.
  • Ten storage units offer additional income potential or redevelopment options.
  • Building can be owner-occupied, with the remaining space leased for additional income. Currently partially occupied with short-term leases.
  • High visibility location on N. Courtenay Parkway, near Cape Canaveral, Kennedy Space Center, and NASA.
  • Mix-use redevelopment potential.

Property Details for 2235 Courtenay Pkwy

Property type
Office properties, Land
Square Feet
16,595 SF
Class
C
Year Renovated
2024
Buildings
2
Stories
2
Lot Size (sq. ft)
56,192 SF

Location Insight

City
Merritt Island
County
Brevard
State
Florida
Latitude
28.39637465544
Longitude
-80.704569625404
2235 Courtenay Pkwy, Merritt Island, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2235 Courtenay Pkwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message