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)
- Association YN
- No
- List Price/SqFt
- 129.03
- Sold Price/SqFt
- 129.03
- Water Body Access YN
- No
- Use Code
- 48 / WAREHOUSING, DISTRIBUTION TERMINALS
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
- OriginalListPrice
- 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
- StatusChangeDate
- 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
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
Construction Materials
- Concrete
- Yes
Cooling
- Other
- Yes
Current Use
- Commercial
- Yes
Flooring
- Carpet
- Yes
- Other
- Yes
Heating
- Other
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Lease Option
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Metal
- Yes
Security Features
- Smoke Detector(s)
- Yes
Special Listing Conditions
- Use Conforms to Zone
- Yes
Showing Requirements
- 24 Hour Notice
- Yes
- Call Listing Agent
- Yes
Sale Includes
- Building & Land
- Yes
Listing Office:
321 Realty, LLC
Last Updated: June - 27 - 2026
Information is deemed to be reliable, but is not guaranteed.