250 Courtenay PkwyMerritt Island, FL 32953

Property Details for 250 Courtenay Pkwy

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.60 AC

Property size (Sq ft)

4,986 SF

Zone code

BU1

Property type

Retail properties

Property subtype

Retail space

APN

24-36-35-02-00000.0-00054.G

APU

2436350200000000054G

Description

This exceptional commercial property at 250 N Courtenay Parkway offers a unique opportunity for a single-tenant user. The 1,662 square foot space is ideally suited for medical or office use, boasting a professional building with an elevator and a private entrance featuring two separate doors. The layout includes a spacious reception area, several smaller offices, and separate men's and women's restrooms with stalls. The property sits on a 0.64-acre lot (APN: 24-36-35-00-00056.0-0000.00), providing ample parking and storage for tenants and their clients. Large windows allow for abundant natural light, and the building features a recently installed new roof. The property benefits from high traffic counts and excellent sign visibility, ensuring maximum exposure for your business. This is a turnkey solution for a business seeking a well-maintained, easily accessible, and highly visible location. The property is zoned for commercial use and is ready for immediate occupancy. The single-suite building is easily accessible and offers a convenient location for clients and employees.

• CAP approach

  CAP return

  Valuation

  6%

  $1,904,234

  6.5%

  $1,757,754

  7%

  $1,632,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,045,989

  Geo Method

  $1,973,038

• Alternative Use

  Use

  Valuation

  Residential

  $1,482,731

  Hospitality

  $1,358,174

  Educational

  $1,129,985

  Medical

  $1,168,847

  Retail

  $1,757,754

Location Insight

City

Merritt Island

County

Brevard

State

Florida

Latitude

28.3524

Longitude

-80.6997

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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