1395 Courtenay PkwyMerritt Island, FL 32953

Property Details for 1395 Courtenay Pkwy

Year built

1971

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

207 SF

Property type

Office properties

Property subtype

Other office properties

APN

24-36-23-BX-00000.0-0012.10

APU

243623BX000000001210

Description

This exceptional 1,545 square foot commercial property, located at 1395 N Courtenay Parkway in Merritt Island, Florida, presents a fantastic investment opportunity. Situated on a 4,791.6 square foot lot, this two-story building, constructed in 1971, boasts a desirable location on a busy thoroughfare. The property features one unit, ideal for medical or professional office use, and includes a spacious waiting room, lobby bathroom, break room, private bathroom, storage area, and four exam rooms equipped with sinks. The bright and airy corner unit benefits from abundant natural light thanks to its numerous windows. Convenient elevator access and ample parking are additional key features. Other potential uses include attorney offices or other professional services. The low monthly HOA fee of $587.24 covers water, exterior insurance, exterior maintenance, and elevator maintenance, providing significant cost savings. Recent improvements include newly lined pipes, a new roof coating, and a newly paved parking lot, ensuring the property is well-maintained and ready for immediate occupancy. This centrally located Merritt Island property offers a compelling combination of functionality, convenience, and value. The zip code is 32953.

• CAP approach

  CAP return

  Valuation

  6%

  $52,198

  6.5%

  $48,183

  7%

  $44,741

• Comparable approach

  Method

  Valuation

  Relative Method

  $34,331

  Geo Method

  $32,505

• Alternative Use

  Use

  Valuation

  Residential

  $59,747

  Hospitality

  $54,728

  Educational

  $45,533

  Medical

  $47,099

  Retail

  $70,829

Location Insight

City

Merritt Island

County

Brevard

State

Florida

Latitude

28.3826

Longitude

-80.7033

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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