Merritt Island Motel Near Spaceport

430 W Merritt Island Causeway, Merritt Island, FL 32952

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For Sale

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23-key motel on Merritt Island near Kennedy Space Center.

Type:Hospitality

Property size:

9,084 SF

Price / SF:

$544/SF

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.
23‑key motel with a variety of room types, including suites with kitchenettes, accommodating 30‑40 guests.
Includes a 2‑bedroom manager's living quarters, providing on‑site management or additional rental income.
Significant renovations completed by the current owner, improving the property's condition.

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Ralph Liu

For Sale

Contact for pricing

23-key motel on Merritt Island near Kennedy Space Center.

Type:Hospitality

Property size:

9,084 SF

Price / SF:

$544/SF

Added:: Jan 27, 2024
Days on Market:: 891
Last Refresh:: Jul 5 at 1:29 pm

Property Features for 430 W Merritt Island Causeway

General Information

Standard status: Active
Size: 9,084 SF
Property subtype: Hospitality

Building Details

Year Built: 1959

We can help!

Contact an agent

Ralph Liu

Listing office InvestorsAlly Commercial Property, Loans & Insurance

Listing date Jan 27, 2024

Source Crexi

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All listing content including descriptions, pricing, images are the copyrighted material of InvestorsAlly Commercial Property, Loans & Insurance

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.
23‑key motel with a variety of room types, including suites with kitchenettes, accommodating 30‑40 guests.
Includes a 2‑bedroom manager's living quarters, providing on‑site management or additional rental income.
Significant renovations completed by the current owner, improving the property's condition.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Aladdin Motel By ... Hotel & Motel

Suggested Use

Similar Places Nearby

Aladdin Motel By OYO Merritt Island — 430 W Merritt Island Causeway, Merritt Island, FL 32952
Clarion Hotel — 260 E Merritt Island Cswy, Merritt Island, FL 32952
Space Coast Island Hotel — 260 E Merritt Island Cswy Suite 1001, Merritt Island, FL 32952
Econo Lodge Port Canaveral Area — 260 E Merritt Island Cswy, Merritt Island, FL 32952

Location Insight

Map
Local Demand

City: Merritt Island
County: Brevard
State: Florida
Longitude: -80.7055704
Latitude: 28.357309

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For sale
Motels
FL
Merritt Island
32952
430 W Merritt Island Causeway

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.