Excellent opportunity to purchase an income producing retail strip center in the heart of Merritt Island! There are 6 units of 1,112 SF +/- each = 6,670 SF total. 5 of the 6 units are occupied and all tenants are on a month-to-month of short term lease. Opportunity for someone to occupy 1 unit and collect rent on the others OR bring the leases up to market rent. New metal roof as of 2020. Ample parking with 47 asphalt paved/striped parking spaces. Building has exposure to est. 8,500 VPD on S. Courtenay Parkway. Zoning is Brevard County BU-1 which allows Office, Retail, Medical & Restaurant type uses. Property is located just south of SR 520 which is a direct connector between Interstate 95, US1 and the beaches. Close proximity to Merritt Island Airport, Downtown Cocoa Village & schools!
Sold for $1,145,500 on 01/22/24
$1,145,500
131-141 S Courtenay Pkwy, Merritt Island, FL 32953
--beds
--baths
6,670sqft
Multi Family
Built in 1964
-- sqft lot
$1,103,500 Zestimate®
$172/sqft
$1,890 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: October 22, 2024 at 09:18pm
Listed by:
Zachary Michael Ullian 321-750-3439,
The Ullian Realty Corporation
Bought with:
Non-Member Non-Member Out Of Area, nonmls
Non-MLS or Out of Area
Source: Space Coast AOR,MLS#: 981721
Facts & features
Interior
Cooling
- Central Air
Appliances
- Included: None
Features
- Flooring: Vinyl
- Has fireplace: No
Interior area
- Total structure area: 6,670
- Total interior livable area: 6,670 sqft
Property
Parking
- Total spaces: 47
Features
- Levels: One
- Pool features: None
Lot
- Size: 0.72 Acres
- Dimensions: Est. 150 x 209 +/-
Details
- Additional parcels included: 2426656
- Parcel number: 2436350000260.00000.00
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Concrete, Frame, Stucco, Wood Siding
- Roof: Metal
Condition
- Year built: 1964
Utilities & green energy
- Water: Public
- Utilities for property: Sewer Connected, Water Available
Community & neighborhood
Location
- Region: Merritt Island
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Services availability

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$1,103,500
2% more+ $22,070
With Zillow Showcase(estimated)
$1,125,570