$470,000
Merritt Island, FL 32953
MLS# 753866
Status: Closed
4929 sqft
1 / 14
Property Description
NEED OFFER - distress sale - balloon note!! High Visibility - Strong Long Term Growth. Put your Franchise Here!! Irreplaceable real estate on high traffic corner. Priced below market value- 2017 As-is Land Appraisal $950,000!! Located just a few short miles from the fastest growing Passenger Port in the Nation - Port Canaveral. Only 45 minutes from Orlando via HWY 528 aka The Beachline and only a few minutes to Orlando's closest beach - Cocoa Beach/Cape Canaveral, Florida. 4900+ sqft building onsite, previous restaurant since 1980 but the potential to start over is beckoning. Interior is bare bones, no kitchen equipment, no flooring, etc. TRAFFIC COUNT: 48,660 AADT from HWY 528 & 32,850 AADT from SR 3 (2016).
Details
Maps
Location, Tax, and Legal
Tax Account: 2412108
Parcel Number: 24-36-14-00-00261.0-0000.00
General County Location: Central
Tax Annual Amount: 7465.39
Tax Year: 2017
Tax Legal Description: THAT PART OF NW 1/4 OF NW 1/4 LYING WEST OF ST RD 3 DESCRIBED AS PARCEL 5-A IN ORB 1207 PG 658
Directions: From 520 head north on Courtenay Pkwy, 4 miles, bldg. on left just after Brevard County Service Complex. From 528, exit south onto SR3 aka Courtenay Pkwy, bldg. on right.
General Property Information
Number Of Units Total: 1
Building Area Total: 4929
Lot Size Acres: 0.95
Association YN: No
Property Use: C-NIGHT CLUBS, COCKTAIL LOUNGES, BARS (3300)
Water Body Access YN: No
Waterfront YN: No
Use Code: 33 / NIGHT CLUBS, LOUNGES, BARS
List Price/SqFt: 111.38
Sold Price/SqFt: 95.35
Year Built: 1968
Remarks and Miscellaneous
Public Remarks: NEED OFFER - distress sale - balloon note!! High Visibility - Strong Long Term Growth. Put your Franchise Here!! Irreplaceable real estate on high traffic corner. Priced below market value- 2017 As-is Land Appraisal $950,000!! Located just a few short miles from the fastest growing Passenger Port in the Nation - Port Canaveral. Only 45 minutes from Orlando via HWY 528 aka The Beachline and only a few minutes to Orlando's closest beach - Cocoa Beach/Cape Canaveral, Florida. 4900+ sqft building onsite, previous restaurant since 1980 but the potential to start over is beckoning. Interior is bare bones, no kitchen equipment, no flooring, etc. TRAFFIC COUNT: 48,660 AADT from HWY 528 & 32,850 AADT from SR 3 (2016).
Construction Materials
Frame: 1
Stucco: 1
Cooling
Central Building: 1
Zoned: 1
Current Use
Commercial: 1
Flooring
Carpet: 1
Tile: 1
Heating
Central: 1
Electric: 1
Zoned: 1
Listing Terms
Cash: 1
Possession
Close Of Escrow: 1
Roof
Barrel: 1
Rolled/Hot Mop: 1
Tar/Gravel: 1
Tile: 1
Wood Truss/Raft: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Special Listing Conditions
Corporate Owned: 1
County Jurisdiction: 1
Utilities
Cable Available: 1
Natural Gas Available: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Lockbox: 1
Building Features
% Air Conditioned or Heated: 100
Private Restroom: 1
Public Restroom: 1
Rear Access: 1
Separate Office Area: 1
Storage: 1
Ceiling Type
Acoustic: 1
Wood Panel: 1
Location
Beach Area: 1
Central Business District: 1
County: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 3: Utilities-3-Phase Electric: Y
Contract Information
Current Price: $470,000
Original List Price: 1199999
Sold Price: $470,000
Status: Closed
Listing Contract Date: 2016-05-06
Property Sub Type: Business
Location Tax and Legal
Street Number: 2625
Street Direction Prefix: N
Street Name: Courtenay
Street Suffix: Parkway
County: Brevard
State: FL
Postal Code: 32953
MLS Area Major: 251 - Central Merritt Island
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2023-11-11T09:28:09Z
Major Change Type: Price Reduced
Price Change Timestamp: 2018-07-22T15:48:09Z
Status Change Timestamp: 2018-08-31
Purchase Contract Date: 2018-08-23
Close Date: 2018-08-31
Close Price: 470000
Property Features
Building Features: Private Restroom; Public Restroom; Rear Access; Separate Office Area; Storage
Ceiling Type: Acoustic; Wood Panel
Construction Materials: Frame; Stucco
Cooling: Central Building; Zoned
Current Use: Commercial
Flooring: Carpet; Tile
Heating: Central; Electric; Zoned
Listing Terms: Cash
Location: Beach Area; Central Business District; County
Possession: Close Of Escrow
Roof: Barrel; Rolled/Hot Mop; Tar/Gravel; Tile; Wood Truss/Raft
Sale Includes: Building & Land
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: Appointment Only; Lockbox
Special Listing Conditions: Corporate Owned; County Jurisdiction
Utilities: Cable Available; Natural Gas Available
Water Source: Public
Listing Office: Drop Anchor Realty LLC
Last Updated: June - 27 - 2026
Information is deemed to be reliable, but is not guaranteed.