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Mixed-Use Property with Service Bays
For Lease
$75,000

1850 E Merritt Island Causeway, Merritt Island, FL 32952

Commercial Lease, Merritt Island, FL

Space SizeContact for details
Lot Size6.92 Acres
Days on Market1353

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 River Front, Navigable Water
Water front 1

Amenities

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

Building Details

Year built 2003
Flooring type Tile, Carpet, Concrete
Building materials Block, Concrete
Listing Agency: Perrone Realty, LLC
Listed By: Ralph S Perrone · License #3045618
Added: Feb 2, 2023 Changed: Oct 14 Last Checked: Oct 17 at 3:06AM
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.

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Investment Insights

Based on property information with market context.

Set on 6.92 acres, this mixed-use facility includes roughly 20k sq ft of professional and executive offices and 30k sq ft assigned to service, warehouse, bay, storage, and detailing areas. An additional 17k sqft is arranged among a restaurant, gym, playroom, daycare, movie theater, conference rooms, barber shop, and game room. The building was constructed in 2003, with block and concrete materials and tile, carpet, and concrete flooring.

The property has river frontage on navigable water. Public water and cable availability are also noted.

Key Highlights

  • 6.92‑acre property with river frontage on navigable water
  • Roughly 20k sq ft of professional and executive offices
  • 30k sq ft of service, warehouse, bay, storage, and detailing 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
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The facility combines office space, automotive service areas, storage, and a range of additional interior spaces.
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 property with river frontage on navigable water; Roughly 20k sq ft of professional and executive offices; 30k sq ft of service, warehouse, bay, storage, and detailing areas
More about this property
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