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    1850 Merritt Island Cswy Merritt Island, FL 32952

    Sponsored
    For Lease
    $13 SF/Yr

    Prime Retail & Office Opportunity: 66,318 SF

    Lot size:
    66,318 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 1850 E Merritt Island Causeway, presents a unique investment opportunity. The listing encompasses the west building, totaling 66,318 square feet, and is zoned BU2. This single-tenant property sits on a substantial 6.92-acre lot (APN: 24-37-31-00-00001.1-0000.00). The building's versatile layout includes approximately 20,000 square feet of high-quality professional and executive office space, ideal for a variety of businesses. In addition to the office space, there's a significant 30,000 square feet dedicated to service bays, warehouse space, and storage areas, providing ample room for operations and inventory. A remarkable feature is the 17,000 square foot amenity area, offering a diverse range of spaces including a restaurant, gym, playroom, daycare center, movie theater, multiple conference rooms, a barbershop, and a game room. This expansive amenity space presents significant potential for employee retention, tenant attraction, or even independent revenue streams. The property's former use as a car dealership speaks to its adaptability and inherent functionality. This is a rare opportunity to acquire a large, well-appointed commercial property with significant potential for diverse uses and substantial returns. Serious inquiries only.

    Property Features for 1850 Merritt Island Cswy

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    66,318 SF

    Unit(s) available at that property

    Space
    Size
    66,318 SF
    Rate per SF
    $13

    HighLights

    • West building, encompassing professional office and entertainment space.
    • Approximately 20,000 square feet of professional and executive offices.
    • 30,000 square feet of service bays, warehouse, and storage.
    • 17,000 square foot amenity area including restaurant, gym, playroom, daycare, movie theater, conference rooms, barbershop, and game room.
    • 6.92‑acre lot, single‑tenant retail and land property with BU2 zoning.
    Property Profile 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
    -80.6629505
    Latitude
    28.3581319

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    FAQs

    What type of property is this?
    Land - Prime Retail & Office Opportunity: 66,318 SF
    Where is this land located?
    The property is located at 1850 Merritt Island Cswy Merritt Island, FL.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: West building, encompassing professional office and entertainment space.; Approximately 20,000 square feet of professional and executive offices.; 30,000 square feet of service bays, warehouse, and storage.
    Request Owner's contact information
    1850 Merritt Island Cswy 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 Merritt Island Cswy Merritt Island, FL 32952
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