1353 Courtenay PkwyMerritt Island, FL 32953

Property Details for 1353 Courtenay Pkwy

Year built

1983

Construction

WOOD

Lot size

2.89 AC

Property size (Sq ft)

14,837 SF

Zone code

BU-1

Property type

Office properties

Property subtype

Office buildings

APN

24-36-23-BX-00000.0-0017.00

APU

243623BX000000001700

Description

This three-building Merritt Island office complex totals 32,273 square feet, built in 1987. The property features 2-story buildings situated on 2.89 acres, providing ample parking (103+ spaces). Located at 1353 N Courtenay Pkwy, 32953, this multi-tenant property boasts high visibility at a lighted intersection on Merritt Island's main north-south traffic corridor. The zoning is BU-ICC. Available spaces range from 801 to 2,272 square feet. The complex benefits from its location near major employers including Kennedy Space Center, Boeing, Blue Origins, SpaceX, and Lockheed Martin, ensuring a strong economic base and high traffic counts within a busy, affluent submarket. The property offers excellent visibility and accessibility. The Brevard County location (APN: 24-36-23-Bx-00000.0-0017.00) presents a compelling investment opportunity in a thriving area. This executive and traditional office space is perfect for businesses seeking a prominent location with high traffic exposure.

• CAP approach

  CAP return

  Valuation

  6%

  $3,745,034

  6.5%

  $3,456,954

  7%

  $3,210,029

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,459,288

  Geo Method

  $2,329,854

• Alternative Use

  Use

  Valuation

  Residential

  $4,286,623

  Hospitality

  $3,926,524

  Educational

  $3,266,822

  Medical

  $3,379,172

  Retail

  $5,081,722

Location Insight

City

Merritt Island

County

Brevard

State

Florida

Latitude

28.3804

Longitude

-80.7032

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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