195 Courtenay PkwyMerritt Island, FL 32952

Property Details for 195 Courtenay Pkwy

Year built

1987

Construction

WOOD

Lot size

0.50 AC

Property size (Sq ft)

4,224 SF

Zone code

RP

Property type

Healthcare properties

Property subtype

Medical offices

APN

24-36-35-00-00262.1-0000.00

APU

9223372036854775807

Description

This exceptional 1,949 square foot medical or professional office space presents a fantastic leasing opportunity. Located just 0.13 miles south of Highway 520 on South Courtenay Parkway, this highly visible property boasts 31,000 daily passing vehicles. The single-story building, constructed in 1987 and extensively renovated in 2024, offers an outstanding layout perfect for medical practices. Features include five plumbed exam rooms, three bathrooms, a private office, a reception area, a waiting room, a bonus/break room, and ample storage. The interior showcases attractive vaulted tongue-and-groove wood plank ceilings, fresh paint, new flooring, and a brand-new HVAC system. The 0.5-acre site provides convenient parking with 22 shared spaces. The property is zoned RP - Residential Professional and is part of a larger building totaling 3,818 square feet. The base monthly rent is $3,600. This is a turn-key solution for a medical practice seeking a high-visibility location with modern amenities and a functional design. Don't miss this opportunity to establish your practice in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,096,868

  6.5%

  $1,012,494

  7%

  $940,173

• Comparable approach

  Method

  Valuation

  Relative Method

  $688,037

  Geo Method

  $663,295

• Alternative Use

  Use

  Valuation

  Residential

  $1,255,492

  Hospitality

  $1,150,024

  Educational

  $956,807

  Medical

  $989,713

  Retail

  $1,488,366

Location Insight

City

Merritt Island

County

Brevard

State

Florida

Latitude

28.3546

Longitude

-80.7006

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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