New Merritt Island Commercial Space for Lease

Merritt Island commercial space for lease is mostly an office, retail, and industrial market, and most of it runs along the Courtenay Parkway spine. New space just came available from a small storefront up to a 9,000 square foot industrial building. Here is what is open, and I represent the tenant side on any of it.

Retail and office

On the retail side, 131-141 South Courtenay Parkway is a 1,112 square foot storefront at 27.50 a foot, a clean size for a service or specialty tenant. For office, 450 East Merritt Island Causeway is a 2,122 square foot suite in the Merritt Island Medical Pavilion at 12 a foot, and 150 North Banana River Drive is a smaller office suite at about 4,000 a month, with the exact rate best confirmed on the listing.

Industrial and flex

The largest block is 650 Azalea Avenue, a 9,284 square foot industrial building, rate on request. For a mid-size user, 340 Manor Drive is a 4,000 square foot industrial and office combination at 16.50 a foot. Two smaller industrial and special-purpose bays, 2230 Mimosa Drive and 1365 North Courtenay Parkway, are also open, both with the rate best confirmed directly on the listing.

RCRE Take

Merritt Island is a tenant's market more than a buyer's one, and Courtenay Parkway is the whole game: it is where the traffic is, where the retail works, and where the office and medical demand sits, close to the causeways and the port. If any of these fit, or you want something not on this list, I represent tenants across the island and can get you in front of the right landlords before the good space is gone.

See the rest of what we are tracking on our commercial listings page, and our tenant representation services if you want someone on your side of the table. If you are leasing space on Merritt Island, reach out before you sign anything. Call me at 321-514-0876, email cassandra@reachcommercialre.com, or reach the team at spacecoastcre.com/contact. Our office is at 909 E New Haven Ave, Suite 300, Melbourne.

Sources

• Crexi lease listings, Merritt Island: newly activated commercial lease listings pulled from Crexi, 2026-08-24. Rates and availability are as listed; confirm on each listing page.

• 131-141 S Courtenay Parkway: https://www.crexi.com/lease/properties/1215202/florida-131-141-s-courtenay-pkwy

• 450 E Merritt Island Causeway (Medical Pavilion): https://www.crexi.com/lease/properties/1212729/florida-merritt-island-medical-pavilion

• 150 N Banana River Drive: https://www.crexi.com/lease/properties/1218782/florida-150-n-banana-river-dr

• 650 Azalea Avenue: https://www.crexi.com/lease/properties/1212610/florida-650-azalea-avenue

• 340 Manor Drive: https://www.crexi.com/lease/properties/1212412/florida-340-manor-drive

• 2230 Mimosa Drive: https://www.crexi.com/lease/properties/1204604/florida-2230-mimosa-drive-b

• 1365 N Courtenay Parkway: https://www.crexi.com/lease/properties/1207210/florida-1365-n-courtenay-parkway-b