Merritt Island Motel Near
For Sale
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430 W Merritt Island Causeway, Merritt Island, FL 32952
23-key motel on Merritt Island near Kennedy Space Center.
Property Size9,084 SF
Price / SF$544.91
Days on Market945
Property Features for 430 W Merritt Island Causeway
General Information
Standard status
Active
Size
9,084 SF
Property subtype
Hospitality
Investment Type
Owner/User
Building Details
Year Built
1959
Buildings
3
Stories
2
Listing Agency:
InvestorsAlly Commercial Property, Loans & Insurance
(949) 371-9139
Listed By:
Ralph Liu · License #FL CQ1066025
Source:
Crexi
Added: Jan 27, 2024
Changed: Aug 24
Last Checked: Aug 26 at 1:05AM
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 InvestorsAlly Commercial Property, Loans & Insurance
Investment Insights
Based on property information with market context.
This 23-key motel is located on Merritt Island along the Space Coast. The motel includes rooms with a queen-size bed or two double beds, as well as suites with one or two beds. The total number of beds can accommodate between 30 to 40 persons. Many units are equipped with microwave ovens, fridges, and ranges. Above the reception desk office, there is a large 2-bedroom manager's living quarters that can sleep another 5 persons and can be rented out. There is plenty of parking space on site. The occupancy has been a blend of steady long-term clients and short-term transient customers. The property has been renovated from a previously dilapidated state. The Kennedy Space Center is nearby, and Cocoa Beach is just across the short causeway. The Palm Bay/Melbourne area has the largest influx of new relocating residents in the US, brought by the hiring of hi-tech companies such as Northrop Grumman, L3Harris and Embraer. Patrick Space Force Base is further south on Satellite Island.
Key Highlights
- Prime location on Merritt Island's Space Coast with views of SpaceX and Blue Origin rocket launches.
- Proximity to Kennedy Space Center, Cocoa Beach, and Port Canaveral, attracting tourists and cruise passengers.
- Strong income potential from a mix of long‑term and short‑term rentals in a growing local economy.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,268
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Similar Off Market Nearby
- Aladdin Motel By OYO Merritt Island — 430 W Merritt Island Causeway, Merritt Island, FL 32952
- Space Coast Island Hotel — 260 E Merritt Island Cswy Suite 1001, Merritt Island, FL 32952
- Clarion Hotel — 260 E Merritt Island Cswy, Merritt Island, FL 32952
- Econo Lodge Port Canaveral Area — 260 E Merritt Island Cswy, Merritt Island, FL 32952
Frequently Asked Questions
What type of property is this?
Motel - 23-key motel on Merritt Island near Kennedy Space Center.
Where is this motel located?
The property is located at 430 W Merritt Island Causeway Merritt Island, FL.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Prime location on Merritt Island's Space Coast with views of SpaceX and Blue Origin rocket launches.; Proximity to Kennedy Space Center, Cocoa Beach, and Port Canaveral, attracting tourists and cruise passengers.; Strong income potential from a mix of long‑term and short‑term rentals in a growing local economy.
