Town Square
$4,500,000
1351 North Courtenay Parkway, Merritt Island, FL 32953
32,273 SF
Square Feet
$139
PPSF
Property Description
Opportunity to acquire Town Square Office Complex, a three-building professional office property located at 1351–1355 North Courtenay Parkway in Merritt Island, Florida. The complex contains approximately 32,273 square feet on approximately 2.89 acres and includes 103 parking spaces.
The property offers a broad mix of suites ranging from approximately 531 to 2,400 square feet, supporting professional, medical, financial, wellness, and service-oriented tenants. Its multi-building layout, in-place tenancy, visible directory signage, and location along an established Merritt Island commercial corridor provide both current income potential and future lease-up or owner-user flexibility.
Property Details
Asset Type
Office
Year Built
1987
Zoning
BU-ICC
Acres
2.89
Neighborhood
Tropical Park
Submarket
Merritt Island
ZIP
32953
Listing Type
sale
Offering Memorandum
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$255,988
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$21,332
Annual Debt Service
$255,988
View on Map
Address
1351 North Courtenay Parkway
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Merritt Island Office Market Snapshot
Boundary boundary · Office · Sale
No investors found in this market.