91 Merritt Island CswyMerritt Island, FL 32952

Property Details for 91 Merritt Island Cswy

Year built

1956

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.19 AC

Property size (Sq ft)

4,423 SF

Zone code

BU2

Property type

Retail properties

Property subtype

Retail space

APN

24-36-35-02-00000.0-0044.00

APU

9223372036854775807

Description

This completely updated 4,398 square foot single-tenant retail and office space is ideally situated on Merritt Island Causeway (SR 520), offering exceptional visibility and high traffic counts. The property boasts a prominent location anchored by a Publix supermarket, ensuring consistent foot traffic and brand recognition. The building features a total of 4,398 square feet, currently with 940 square feet vacant, spread across a single story on a 0.19-acre lot. The space is versatile, suitable for creative office, traditional office, or coworking uses. There are no elevators. The property's Assessed Parcel Number (APN) is 24-36-35-02-00000.0-0044.00. This is a unique opportunity to establish your business in a high-demand area with excellent accessibility and strong neighboring businesses. Flexible lease terms are available. Don't miss this chance to secure a prime location for your business's success. The property is ready for immediate occupancy. The building is a single suite.

• CAP approach

  CAP return

  Valuation

  6%

  $1,642,016

  6.5%

  $1,515,707

  7%

  $1,407,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,846,883

  Geo Method

  $1,750,250

• Alternative Use

  Use

  Valuation

  Residential

  $1,278,556

  Hospitality

  $1,171,150

  Educational

  $974,383

  Medical

  $1,007,894

  Retail

  $1,515,707

Location Insight

City

Merritt Island

County

Brevard

State

Florida

Latitude

28.3567

Longitude

-80.6982

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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