1559 E Merritt Island Causeway, Merritt Island, FL 32952
$1,100,000
Property Type:
Commercial Sale
Square Footage:
8,525
Lot Size (sq. ft.):
36,155
Status:
Closed
Current Price:
$1,100,000
List Date:
4/24/2023
Last Modified:
11/11/2025
Description
Outstanding income potential w 3 long term/existing tenants in place. Triple Net Lease w base annual rents totaling over $100k. No sign on property. Available by appointment only. Please do not disturb tenants.
More Information MLS# 963266
Location, Tax, and Legal
Tax Account: 2438875
Parcel Number: 24-37-31-00-00259.0-0000.00
General County Location: Central
Tax Annual Amount: 9129.85
Tax Year: 2022
Tax Legal Description: PART OF GOVT LOT 3 AS DESC IN ORB 1058 PG 987 EXC ORB 3505 PG 3222
Directions: On Sout side of E Merritt Island Cswy East of Newfound Harbor Dr
General Property Information
Number Of Units Total: 3
Building Area Total: 8525
Lot Size Acres: 0.83
Association YN: No
Property Use: C-WAREHOUSE - FLEX SPACE (4830)
Water Body Access YN: No
Use Code: 48 / WAREHOUSING, DISTRIBUTION TERMINALS
List Price/SqFt: 129.03
Sold Price/SqFt: 129.03
Year Built: 1986
Remarks and Miscellaneous
Public Remarks: Outstanding income potential w 3 long term/existing tenants in place. Triple Net Lease w base annual rents totaling over $100k. No sign on property. Available by appointment only. Please do not disturb tenants.
Construction Materials
Concrete: 1
Cooling
Other: 1
Current Use
Commercial: 1
Flooring
Carpet: 1
Other: 1
Heating
Other: 1
Listing Terms
Cash: 1
Conventional: 1
Lease Option: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Scheduled Income: 117283.44
Roof
Metal: 1
Security Features
Smoke Detector(s): 1
Special Listing Conditions
Use Conforms to Zone: 1
Showing Requirements
24 Hour Notice: 1
Call Listing Agent: 1
Building Features
Clear Ceiling Height: 8525
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 3: Legal/Misc-Home Warranty: No
Contract Information
Current Price: $1,100,000
Original List Price: 1100000
Sold Price: $1,100,000
Status: Closed
Listing Contract Date: 2023-04-24
Property Sub Type: Business
Location Tax and Legal
Street Number: 1559
Street Direction Prefix: E
Street Name: Merritt Island
Street Suffix: Causeway
County: Brevard
State: FL
Postal Code: 32952
MLS Area Major: 251 - Central Merritt Island
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2023-06-01T16:13:42Z
Major Change Type: Status Change
Status Change Timestamp: 2023-06-01
Purchase Contract Date: 2023-04-28
Close Date: 2023-05-31
Close Price: 1100000
Property Features
Construction Materials: Concrete
Cooling: Other
Current Use: Commercial
Flooring: Carpet; Other
Heating: Other
Listing Terms: Cash; Conventional; Lease Option
Possession: Close Of Escrow
Roof: Metal
Sale Includes: Building & Land
Security Features: Smoke Detector(s)
Showing Requirements: 24 Hour Notice; Call Listing Agent
Special Listing Conditions: Use Conforms to Zone
Listing Office:
321 Realty, LLC
Last Updated: November - 11 - 2025
Information is deemed to be reliable, but is not guaranteed.