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: 6/27/2026

Overview

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.

Listing Details MLS# 963266

General Property Information

Number Of Units Total: 3
Building Area Total: 8525
Year Built: 1986
Lot Size Acres: 0.83
Property Use: C-WAREHOUSE - FLEX SPACE (4830)
Use Code: 48 / WAREHOUSING, DISTRIBUTION TERMINALS
Association YN: No
Water Body Access YN: No
List Price/SqFt: 129.03
Sold Price/SqFt: 129.03

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

Contract Information

Original List Price: 1100000
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

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.

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

More Information

Building Features

Clear Ceiling Height: 8525

Income and Expenses

Gross Scheduled Income: 117283.44

Historical Information

Public Historical Remarks 3: Legal/Misc-Home Warranty: No

Listing Office: 321 Realty, LLC

Last Updated: June - 27 - 2026

Information is deemed to be reliable, but is not guaranteed.