Commercial Property in Florida's Space Coast Area

Merritt Island, FL (Brevard County)
Asking Price: $625,000
Real Estate Details
Listed on Dec 1, 2023

This is a free standing, well maintained commercial building sitting on .98 Acres. The property adjoins a scenic waterway and provides 67 parking spaces in the back. It features 3912 square foot of air conditioned space. Inside there is a large auditorium, a conference room, one private office with picture windows, and an oversized lobby area.

Property is currently zoned BU-1 General Retail Commercial, but there may be an opportunity to rezone as BU-2 and multi family zoning are near by. Buyers are encouraged to speak to the Building Dept. for more details. Current BU-1 Zoning allows for: Administrative Offices, Auditoriums, Small Auto repairs and storage, Civic Organizations, Dance Academy, Medical Buildings, Professional Office, Schools, House of Worship, and more.

This is an ideal location. The Merritt Island Airport is just a mile away, Port Canaveral is a 15 minute drive, and the beach is 6 miles away. The City of Merritt Island is located in the heart of Brevard County (also known as the Space Coast), just south of Kennedy Space Center and west of Cocoa Beach.

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Financials (USD)

Net Operating Income (Annual) Not Disclosed

Asking Price $625,000

Cap Rate Available On Request

Additional Details

Street Address 520 South Plumosa Street

Building Area 3912.00 Square Feet

Building Class Class B Building

Year Built/Renovated 1966/2000

Percent Occupied 0%

Land Area 1.00 Acres

Zoning BU-1

Deal Terms

Who is Listing the Property? Real Estate Broker

Broker Co-Op? Yes

Seller Financing Available? No

Seller Willing To Lease? No

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