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Mixed-Use Commercial Facility with Bays
For Lease
$75,000

1850 E Merritt Island Causeway, Merritt Island, FL 32952

Commercial Lease, Merritt Island, FL

Space Size67,000 SF
Lot Size6.92 Acres
Days on Market1319

Property Features for 1850 E Merritt Island Causeway

General Information

Property type Commercial Lease
Property subtype Other
Security features Security
Directions From US1 head east on SR520. Building is located on SR520 on Merritt Island.
Subdivision 251 - Central Merritt Island
Standard status Active
APN 24-37-31-00-00001.1-0000.00
Lot size 6.92 Acres

Taxes and HOA fees

Tax Year 2022
Tax Description LOTS 73 TO 82 & S 30.5 FT OF LOT 83 OF PB 4 PG 35 AND PART OF GOVT LOTS 1 & 4 LYING W OF PB 4 PG 35, E OF NORTH BANANA R
Tax Annual Amount 98252
Legal Description LOTS 73 TO 82 & S 30.5 FT OF LOT 83 OF PB 4 PG 35 AND PART OF GOVT LOTS 1 & 4 LYING W OF PB 4 PG 35, E OF NORTH BANANA R

Utilities

Utilities Cable Available
Water source Public
Water front features Navigable Water, River Front
Water front 1

Amenities

restaurant
gym
playroom
daycare
movie theater
conference rooms
barber shop
game room

Building Details

Year built 2003
Flooring type Concrete, Carpet, Tile
Building materials Block, Concrete
Listing Agency: Perrone Realty, LLC
Listed By: Ralph S Perrone · License #3045618
Added: Feb 2, 2023 Changed: Sep 13 Last Checked: Sep 13 at 4:06PM
MLS# 956377

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This mixed-use commercial facility was constructed in 2003 and occupies 6.92 acres along navigable riverfront water. The property includes approximately 20k sq ft of professional and executive office space, plus 30k sq ft dedicated to service areas, warehouse space, bays, storage, and detailing. An additional 17k sqft supports varied interior uses, including a restaurant, gym, daycare, movie theater, conference rooms, barber shop, game room, and playroom.

Located at 1850 E Merritt Island Causeway in Merritt Island, the property has block and concrete construction with concrete, carpet, and tile flooring. Public water is available, and cable service is available at the property. The combination of office, operational, storage, and specialty-use areas provides a substantial commercial footprint for lease.

Key Highlights

  • 6.92‑acre mixed‑use commercial property with navigable riverfront water
  • Approximately 20k sq ft of professional and executive offices
  • 30k sq ft of service, warehouse, bays, storage, and detail areas

Property Analytics

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Current Use

Quick Lane at Island ... Auto Repair Shop Island Tiki Grill Bar & Pub

Suggested Use

Top Pick Building Supply Real Estate Agency Restaurant Law Firm Hair Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

247
Businesses Nearby

Demographics for 32952, FL

20,670
Population
10,108
Households
2
Avg Household Size
52
Median Age
45%
College-Educated
96%
High-School Grad
12.3 sq mi
ZIP Area
1,680
Density / Sq Mi
$98,651
Median Household Income
$53,478
Median Earnings
$1,353
Median Rent
$404,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Large waterfront commercial facility with office, service, warehouse, storage, and specialty-use areas.
Where is this mixed-use property located?
The property is located at 1850 E Merritt Island Causeway Merritt Island, FL.
What is the lease rate?
The lease rate is $75,000.
What are key features of this property?
This property features: 6.92‑acre mixed‑use commercial property with navigable riverfront water; Approximately 20k sq ft of professional and executive offices; 30k sq ft of service, warehouse, bays, storage, and detail areas
More about this property
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