$1,145,500
Merritt Island, FL 32953
MLS# 981721
Status: Closed
6670 sqft
1 / 9
Property Description
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!
Details
Maps
Location, Tax, and Legal
Tax Account: 2426656
Parcel Number: 24-36-35-00-00260.0-0000.00
General County Location: Central
Elementary School: Tropical
Middle School: Jefferson
High School: Merritt Island
Tax Year: 2023
Tax Legal Description: PART OF SE 1/4 OF NW 1/4 AS DES IN ORB 199 PG 107
Directions: Starting on SR 520 turn south onto Courtenay Parkway. Property is located on the west side of Courtenay Parkway across the street from Publix/TJ Maxx just south of Magnolia Avenue.
General Property Information
Number Of Buildings: 1
Number Of Units Total: 6
Living Area Source: Measured
Building Area Total: 6670
Lot Size Acres: 0.72
Lot Size Dimensions: Est. 150 x 209 +/-
Lot Size Square Feet: 31363
Association YN: No
Garage YN: No
Garage Spaces: 0
Carport YN: No
Carport Spaces: 0
Waterfront YN: No
Parking Total: 47
Use Code: 11 / RETAIL STORE -
Water Body Access YN: No
Pool Private YN: No
Year Built: 1964
Remarks and Miscellaneous
Public Remarks: 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!
Appliances
None: 1
Closing Company Details
Closing Company Name: Cauthen and Burns, PA
J. Knox Burns, IV
Closing Company Address: 215 N. Joanna Avenue, Tavares, FL 32778
Construction Materials
Block: 1
Concrete: 1
Frame: 1
Stucco: 1
Wood Siding: 1
Cooling
Central Air: 1
Flooring
Vinyl: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Pool Features
None: 1
Possession
Close Of Escrow: 1
Owner Pays
Exterior Maintenance: 1
Taxes: 1
Road Surface Type
Paved: 1
Roof
Metal: 1
Special Listing Conditions
Standard: 1
Utilities
Sewer Connected: 1
Water Available: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Office: 1
Showing Considerations
Occupied: 1
Historical Information
Public Historical Remarks 3: Contact: List Agent, Zoning: BU-1, Site Location-Major Roadway: Y
Non Member Info
Non-Member Brokerage: Watson Commercial Real Estate
Non-Member Name: Duane Watson
Contract Information
Current Price: $1,145,500
Original List Price: 1100000
Sold Price: $1,145,500
Status: Closed
Listing Contract Date: 2023-12-04
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 131-141
Street Direction Prefix: S
Street Name: Courtenay
Street Suffix: Parkway
County: Brevard
State: FL
Postal Code: 32953
MLS Area Major: 253 - S Merritt Island
Status Change Information
Major Change Timestamp: 2024-01-22T19:01:17Z
Major Change Type: Status Change
Status Change Timestamp: 2024-01-22
Purchase Contract Date: 2023-12-06
Close Date: 2024-01-22
Close Price: 1145500
Property Features
Appliances: None
Construction Materials: Block; Concrete; Frame; Stucco; Wood Siding
Cooling: Central Air
Flooring: Vinyl
Levels: One
Listing Terms: Cash; Conventional
Owner Pays: Exterior Maintenance; Taxes
Pool Features: None
Possession: Close Of Escrow
Road Surface Type: Paved
Roof: Metal
Special Listing Conditions: Standard
Utilities: Sewer Connected; Water Available
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: Appointment Only; Call Listing Office
Listing Office: The Ullian Realty Corporation
Last Updated: October - 23 - 2024
Information is deemed to be reliable, but is not guaranteed.