2137 Courtenay PkwyMerritt Island, FL 32953

Property Details for 2137 Courtenay Pkwy

Year built

1977

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.37 AC

Property size (Sq ft)

16,648 SF

Property type

Retail properties

Property subtype

Strip malls

APN

24-36-14-00-00530.0-0000.00

APU

9223372036854775807

Description

The Village Shops of Merritt Island offers exceptional retail opportunities in a thriving Brevard County neighborhood. This 14,144 square foot plaza, built in 1977 and zoned BU-1, sits on a 1.37-acre lot and provides convenient storefront parking. Two spaces are currently available, ranging from 750 to 1,990 contiguous square feet, with a minimum divisible space of 750 square feet. The property boasts a highly visible location on Merritt Island's main north/south thoroughfare, ensuring excellent exposure to a substantial customer base. Its convenient placement just north of Skyline Boulevard further enhances its accessibility and desirability. The plaza offers monument and building signage opportunities, allowing businesses to effectively promote their brands. This established neighborhood center presents a unique chance to establish or expand a retail presence in a high-traffic area with easy access and strong visibility. The flexible space options cater to a variety of retail needs, making it an ideal location for businesses seeking a prominent and accessible storefront in a well-established commercial area. The property's location and features make it an attractive investment for businesses seeking a strong foothold in the Merritt Island market.

• CAP approach

  CAP return

  Valuation

  6%

  $5,999,395

  6.5%

  $5,537,903

  7%

  $5,142,338

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,075,850

  Geo Method

  $6,587,874

• Alternative Use

  Use

  Valuation

  Residential

  $4,671,428

  Hospitality

  $4,279,004

  Educational

  $3,560,080

  Medical

  $3,682,517

  Retail

  $5,537,903

Location Insight

City

Merritt Island

County

Brevard

State

Florida

Latitude

28.3952

Longitude

-80.7048

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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