• Freestanding 2-story office building in Merritt Island - 2235 N Courtenay Pkwy, Merritt Island, FL 32953

For Sale

Office

For Sale

This property is available for sale
0.97
Acres
$1,150,000
Sale Price
  • Year Built
    1987
  • Total Building Size
    12,495 RSF
  • Overview

    . Excellent opportunity to purchase a free-standing office building in Merritt Island - Florida, just south of the Space Center, Cape Canaveral Port, and Cruise Lines. This office building is in the heart of the Space Coast on the main Merritt Island Commercial thoroughfare connecting SR 520 to the Beachline Expressway. The building can be utilized by a corporate commercial or business tenant or by a potential owner-operator or investor. This building is divided into five sections over two floors, each section of the building has its own entrance. Ten storage units (2,457 SF) on a 0.32-acre parcel behind the main building are also available for sale separately. The sale is being offered in the following configurations: - Freestanding office building located at 2235 N. Courtenay Parkway, Merritt Island, FL 32953: $1,150,000, Proforma NOI: $98,938 ($9 base rent NNN, 5% Vacancy cost) Proforma CAP: 8.60% - 12,495 Leasable SF (Estimated Net Leasable SF 11,885) - .97 Acres - 10 Storage Units located at 2230 Mimosa Ave, Merritt Island, FL 32953: $350,000, Proforma Gross Income: $27,000 ($225 per unit/monthly), Proforma NOI: $20,270 (5% Vacancy Cost), Proforma CAP: 5.79% - 2457 SF - 0.32 Acres - Freestanding office building & 10 Storage Units: $1,400,000, Proforma NOI: $119,208, Proforma CAP: 8.51% - Combined 14,952 SF - 1.29 Acre The location is desirable due to considerable nearby commercial momentum and advancement and the privatization of the space industry. The property is located minutes from Cape Canaveral, Kennedy Space Center, and NASA Shuttle Landing Facility. Plenty of opportunity as a result of the booming space industry and reemerging cruise industry. The figures provided are estimates only, prior to closing, the buyer is to verify all permits, approvals, regulations, allowed use, financials, market rent rates, CAM, expenses, zoning, leasable and gross building square footage, and all other factors pertaining to using these parcel(s) and building(s) for the buyer's intended use.

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Property Details

. Excellent opportunity to purchase a free-standing office building in Merritt Island - Florida, just south of the Space Center, Cape Canaveral Port, and Cruise Lines. This office building is in the heart of the Space Coast on the main Merritt Island Commercial thoroughfare connecting SR 520 to the Beachline Expressway. The building can be utilized by a corporate commercial or business tenant or by a potential owner-operator or investor. This building is divided into five sections over two floors, each section of the building has its own entrance. Ten storage units (2,457 SF) on a 0.32-acre parcel behind the main building are also available for sale separately. The sale is being offered in the following configurations: - Freestanding office building located at 2235 N. Courtenay Parkway, Merritt Island, FL 32953: $1,150,000, Proforma NOI: $98,938 ($9 base rent NNN, 5% Vacancy cost) Proforma CAP: 8.60% - 12,495 Leasable SF (Estimated Net Leasable SF 11,885) - .97 Acres - 10 Storage Units located at 2230 Mimosa Ave, Merritt Island, FL 32953: $350,000, Proforma Gross Income: $27,000 ($225 per unit/monthly), Proforma NOI: $20,270 (5% Vacancy Cost), Proforma CAP: 5.79% - 2457 SF - 0.32 Acres - Freestanding office building & 10 Storage Units: $1,400,000, Proforma NOI: $119,208, Proforma CAP: 8.51% - Combined 14,952 SF - 1.29 Acre The location is desirable due to considerable nearby commercial momentum and advancement and the privatization of the space industry. The property is located minutes from Cape Canaveral, Kennedy Space Center, and NASA Shuttle Landing Facility. Plenty of opportunity as a result of the booming space industry and reemerging cruise industry. The figures provided are estimates only, prior to closing, the buyer is to verify all permits, approvals, regulations, allowed use, financials, market rent rates, CAM, expenses, zoning, leasable and gross building square footage, and all other factors pertaining to using these parcel(s) and building(s) for the buyer's intended use.

  • Property Type
    Office
  • Year Built
    1987
  • Sale Price
    $1,150,000
  • Total Building Size
    12,495RSF
  • Total Acres
    0.97
  • Building Class
    B
  • Sale Status
    Available
  • Last updated
    Jul 07, 2022
  • Property ID
    1298203

Landlord's Sales Representative

  • Sunny Gandhi