260 E Merritt Island Causeway
Merritt Island, FL 32952

$4,900,000

Description

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

Details

MLS#1050070
Sub-TypeResale
StatusActive
Year1973
Days On Site138

Features

SQ Feet74,621
Story(s)1

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Area Information

StateFL
CountyBrevard
CityMerritt Island
Zip Code32952
Area99 - Other
Listing VS Median (in 32952)
Price:
$4,900,000
low | high
Med:
$4,900,000
50% of Average
SqFt:
74,621
low | high
Med:
74,621
50% of Average
$ / SqFt:
$66
low | high
Med:
$66
50% of Average
On Site:
138
low | high
Med:
138
100% of Average
Listing Updated: 03/23/2019
MLS Number: 1050070
Listing Provided By:
Carl Lentz  of  SVN Alliance Commercial RE Advisors