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Town Square

Town Square
FOR SALE

$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

Download

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.

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Kirk Von Stein

Kirk Von Stein

President

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Kirk Von Stein

Kirk Von Stein

President

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