315 Courtenay PkwyMerritt Island, FL 32952

Property Details for 315 Courtenay Pkwy

Year built

2022

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.06 AC

Property size (Sq ft)

10,740 SF

Zone code

BU1

Property type

Retail space

APN

24-36-35-52-00000.0-0001.01

APU

9223372036854775807

Description

The PLAZA at Island Oaks offers the last remaining commercial suite, perfectly situated in the thriving South Merritt Island area. This exceptional space boasts 1,340 square feet of brand new construction within the Island Oaks Complex, providing a modern and efficient layout ideal for a variety of businesses. Suite 107 features a prominent double-door entry, ensuring a professional and welcoming first impression for clients and customers. A large ADA-compliant restroom adds to the convenience and accessibility of the space. Benefit from prime exposure to South Courtenay Parkway, a major thoroughfare with high traffic volume, guaranteeing significant visibility for your business. The property's strategic location just south of State Road 520 ensures easy access for residents throughout South Merritt Island. With over 300 feet of frontage and a large marquee signage opportunity, your business will enjoy unparalleled exposure. Ample parking is provided with over 85 spaces available for customers and employees. The 2.06-acre lot offers significant potential for future expansion or development. This single-tenant space is perfect for a retail business or professional office seeking a high-traffic, easily accessible location with excellent visibility. Don't miss this last chance to secure a prime commercial space in a rapidly growing area. The property's APN is 24-36-35-52-00000.0-0001.01.

• CAP approach

  CAP return

  Valuation

  6%

  $4,101,844

  6.5%

  $3,786,318

  7%

  $3,515,867

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,407,080

  Geo Method

  $4,249,986

• Alternative Use

  Use

  Valuation

  Residential

  $3,193,901

  Hospitality

  $2,925,596

  Educational

  $2,434,062

  Medical

  $2,517,773

  Retail

  $3,786,318

Location Insight

City

Merritt Island

County

Brevard

State

Florida

Latitude

28.3521

Longitude

-80.7008

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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