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Open-Plan Office Unit
New
For Lease
$38,400

301 & 303 MAGNOLIA, Merritt Island, FL 32952

Flexible workspace with private entry, two full bathrooms, and building-supported exterior and suite signage.

Space Size1,860 SF
Days on Market2

Property Features for 301 & 303 MAGNOLIA

General Information

Standard status Active
Size 1,860 SF
Net Rentable 1,860 SF
Property subtype Commercial

Space & Availability

Available Space 1,860 SF
Contiguous Space 1,860 SF
Space Use Office

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $16,768

Building Details

Building Size 1,860 SF
Year Built 1963
Listed By: Lynda Cheros
Source: Elliman
Added: Sep 9 Last Checked: Sep 9 at 3:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lynda Cheros

Investment Insights

Based on property information with market context.

This office unit in the Magnolia Building offers 1,860 square feet with an open interior layout that can accommodate a range of office configurations. The suite includes two full bathrooms, including one with ADA features, and has its own private entrance serving as both the street and mailing address. The property was built in 1963.

The building fronts Magnolia Avenue in Merritt Island, with street signage plus an office-door sign and a sign above the office window provided by the owner. Shopping and restaurants are a few minutes away by car, while Orlando International Airport is approximately a 45-minute drive. Tenants are responsible for routine HVAC filter replacement and are asked to maintain a Business Owner Policy.

Key Highlights

  • 1,860‑square‑foot office unit with an open interior layout
  • Two full bathrooms, including one with ADA features
  • Private entrance functions as the suite’s street and mailing address

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage Pharmacy (Bike/Boat/Book/etc) Store HVAC Service Plumbing Service Tanning Salon

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

Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,173
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
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Frequently Asked Questions

What type of property is this?
Office units - Flexible workspace with private entry, two full bathrooms, and building-supported exterior and suite signage.
Where is this office units located?
The property is located at 301 & 303 MAGNOLIA Merritt Island, FL.
What is the lease rate?
The lease rate is $38,400.
What are key features of this property?
This property features: 1,860‑square‑foot office unit with an open interior layout; Two full bathrooms, including one with ADA features; Private entrance functions as the suite’s street and mailing address
More about this property
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