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    1850 E Merritt Island Cswy Merritt Island, FL 32952

    For Sale
    $9,998,900

    COMMERCIAL - Merritt Island, FL

    Property size:
    63,125 SF
    Lot size:
    6.92 Acres
    Days on Market:
    131
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 1850 E Merritt Island Cswy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    APN
    24-37-31-00-00001.1-0000.00
    Size
    63,125 SF
    Lot size
    6.92 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Zoned
    Cooling system
    Zoned
    Water source
    Public

    Building Details

    Year built
    2003
    Number of units
    2
    Flooring type
    Tile, Carpet
    Building materials
    Concrete
    Roof type
    Mixed

    Perrone Realty (407) 733-0725 [email protected]

    Listing agent Ralph S Perrone (321) 452-9838

    Listing date Jul 28, 2025

    Copyright © 2025 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Car Dealership on Causeway

    This former car dealership on Merritt Island, Florida, features approximately 20,000 square feet of professional and executive offices, along with 30,000 square feet of service, warehouse, bays, storage, and a detail department. An additional 17,000 square feet is configured with a restaurant, gym, playroom, daycare, movie theater, conference rooms, barber shop, game room, and more. The property occupies a 6.92-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quick Lane at Island ... Oil Change Service Island Tiki Grill Bar & Grill

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.663436
    Latitude
    28.358379

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    FAQs

    What type of property is this?
    Specialty property - Former car dealership with offices, service bays, and extra amenities.
    Where is this specialty property located?
    The property is located at 1850 E Merritt Island Cswy Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $9,998,900.
    What are key features of this property?
    This property features: - Substantial Space: Approximately 50,000 sq ft of combined office, service, warehouse, and unique amenity space.; - Versatile Usage: Former car dealership suitable for various business or redevelopment opportunities.; - Extensive Amenities: Includes a restaurant, gym, playroom, daycare, movie theater, conference rooms, barber shop, and game room.
    (321) 452-9838
    Request Owner's contact information
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    Merritt Island, FL 32952
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1850 E Merritt Island Cswy Merritt Island, FL 32952
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