260 E Merritt Island Causeway, Merritt Island, FL 32952
$4,500,000
Property Type:
Commercial Sale
Square Footage:
74,621
Status:
Closed
Current Price:
$4,500,000
List Date:
11/05/2018
Last Modified:
12/04/2024
Overview
Description
Supplements:
Listing Details MLS# 1050070
General Property Information
- Building Area Total
- 74621
- Year Built
- 1973
- Association YN
- No
- Water Body Access YN
- No
- Waterfront YN
- No
- Directions
- The EconoLodge is located in Brevard County at 260 E Merritt Island Cswy, Merritt Island, FL
- Public Remarks
- The EconoLodge & Leased Restaurant sits +/- 7 Acre land on a high visibility prime location. The property has a dedicated traffic light to service Hotel and neighboring properties. The hotel is a two story, exterior corridor building consisting of 128 guest rooms. The Restaurant / Bar / Meeting / Banquet Rooms are presently under utilized - Ideal for Leasing to a 3rd party operator. There is an on-site Rented Fitness Center and a Kiddies play area. The hotel is ideally located to the ever growing Cruise community. The renovated guest room features include a refrigerator, microwave, coffee maker, hair dryer, iron and ironing board. Rented: Fitness Club. Potential Rental opportunity for the Restaurant / Meeting Rooms. Seller undertake to complete the renovation of the 50 Out Of Orde
- List Price/SqFt
- 65.67
- Sold Price/SqFt
- 60.3
Property Features
Business Type:
Hotel/Motel
Sale Includes:
Building & Land
Contract Information
- Listing Contract Date
- 2018-11-05
- Property Sub Type
- Business
Location Tax and Legal
- Street Number
- 260
- Street Direction Prefix
- E
- Street Name
- Merritt Island
- Street Suffix
- Causeway
- County
- Brevard
- State
- FL
- Postal Code
- 32952
- MLS Area Major
- 99 - Other
Status Change Information
- Major Change Timestamp
- 2019-09-20T13:54:49Z
- Major Change Type
- Status Change
- Purchase Contract Date
- 2019-05-30
- Close Date
- 2019-09-13
- Close Price
- 4500000
Historical Information
- Public Historical Remarks 1
- Zoning (Text): Commercial; SqFt - Total: 301870.00; Confidential Listing: N; Franchise Opt In: No
More Information
Location, Tax, and Legal
- Country
- US
- Parcel Number
- 24-36-35-00-10
- Tax Legal Description
- PART OF NE 1/4 OF NE 1/4 & TRACT 8 OF SURVEY BOOK 1 PG 90 AS DESC IN ORB 3039 PG 91
Currently Not Used
- Year Built
- 1973
Business Type
- Hotel/Motel
- Yes
Sale Includes
- Building & Land
- Yes
Listing Office:
SVN Alliance Commercial Real Estate Advisors
Last Updated: December - 04 - 2024
Information deemed reliable but not guaranteed.