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
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
Supplements: Orde
More Information MLS# 1050070
General Property Information
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
Building Area Total: 74621
List Price/SqFt: 65.67
Sold Price/SqFt: 60.3
Year Built: 1973
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: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): Commercial; SqFt - Total: 301870.00; Confidential Listing: N; Franchise Opt In: No
Contract Information
Current Price: $4,500,000
Sold Price: $4,500,000
Status: Closed
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
Property Features
Business Type: Hotel/Motel
Sale Includes: Building & Land
Listing Office:
SVN Alliance Commercial Real Estate Advisors
Last Updated: December - 04 - 2024
Information deemed reliable but not guaranteed.