595 Courtenay PkwyMerritt Island, FL 32953

Property Details for 595 Courtenay Pkwy

Year built

1983

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.23 AC

Property size (Sq ft)

2,131 SF

Property type

Office properties

Property subtype

Other office properties

APN

24-36-26-BX-00000.0-0066.06

APU

243626BX000000006606

Description

This exceptional Merritt Island, Florida office building at 595 N Courtenay Pkwy offers a variety of flexible spaces ideal for both executive and medical practices. The 20,790 square foot building, constructed in 1983 and situated on a 0.23-acre lot, is zoned BU-1 and features six suites. Currently, 5,040 square feet of space is available, with a minimum divisible space of 2,200 square feet and a maximum contiguous space of 2,840 square feet. The building's multiple tenancy structure provides options for businesses of various sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $537,541

  6.5%

  $496,192

  7%

  $460,750

• Comparable approach

  Method

  Valuation

  Relative Method

  $353,360

  Geo Method

  $334,631

• Alternative Use

  Use

  Valuation

  Residential

  $615,278

  Hospitality

  $563,591

  Educational

  $468,901

  Medical

  $485,027

  Retail

  $729,402

Location Insight

City

Merritt Island

County

Brevard

State

Florida

Latitude

28.3664

Longitude

-80.701

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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