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430 W Merritt Island Causeway Merritt Island, FL 32952

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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
Added:
Jan 27, 2024
Days on Market:
821
Last Refresh:
Mar 17 at 1:25 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

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Listing Contact
Ralph Liu

Listing agent Ralph Liu License #CA 02247157 & 01342940

Listing office InvestorsAlly Commercial Property, Loans & Insurance

Listing date Jan 27, 2024

Source Crexi

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


Overview

Merritt Island Motel Near Spaceport

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 Insight Report Location Intelligence

Current Use by Public Records

Aladdin Motel By ... Hotel & Motel

Suggested Use

Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

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

FAQs

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.
More about this property
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