$290,000
Merritt Island, FL 32953
MLS# 775359
Status: Closed
3413 sqft
1 / 13
Property Description
Commercial Zoned BU-1 / Fully rented 4-Plex in the heart of Merritt Island, across from Carrabbas. LOCATION IS EVERYTHING! Can keep as rentals or tear down & built to suit. So many possibilities! 75 Palmetto Ave. is a 2-Story Duplex (3/1 downstairs & a 2/1 up) + 69 & 71 Palmetto are 2 Cottages (1/1 each) + a workshop building. *Showings ONLY on Monday Afternoons 3-6PM - 24 Hour Notice Required
Details
Maps
Location, Tax, and Legal
Tax Account: 2426530
Parcel Number: 24-36-35-00-00004.0-0000.00
General County Location: Central
Elementary School: Mila
Middle School: Jefferson
High School: Merritt Island
Tax Annual Amount: 2638.41
Tax Year: 2016
Tax Legal Description: PART OF NW 1/4 OF NE 1/4 AS DES IN ORB 1035 PG 634
Directions: From SR 520 - North on N Courtenay Parkway /SR3 - 1st Right on Palmetto - Units on the Right
General Property Information
Number Of Units Total: 4
Living Area: 3413
Living Area Source: Public Records
Building Area Total: 3413
Lot Size Acres: 0.39
Lot Size Square Feet: 16988
Association YN: No
Garage YN: No
Garage Spaces: 0
Carport YN: No
Carport Spaces: 0
Waterfront YN: No
Open Parking Spaces: 6
Water Body Access YN: No
Pool Private YN: No
List Price/SqFt: 93.76
Sold Price/SqFt: 84.97
Year Built: 1940
Remarks and Miscellaneous
Public Remarks: Commercial Zoned BU-1 / Fully rented 4-Plex in the heart of Merritt Island, across from Carrabbas. LOCATION IS EVERYTHING! Can keep as rentals or tear down & built to suit. So many possibilities! 75 Palmetto Ave. is a 2-Story Duplex (3/1 downstairs & a 2/1 up) + 69 & 71 Palmetto are 2 Cottages (1/1 each) + a workshop building. *Showings ONLY on Monday Afternoons 3-6PM - 24 Hour Notice Required
Appliances
Electric Range: 1
Other: 1
Closing Company Details
Closing Company Name: Leanne Shufelt Fidelity National Title Co (321) 454-4564 leanne.shufelt@fnf.com
Closing Company Address: 1355 N. Courtenay Pkwy, D Merritt Island, FL 32953
Construction Materials
Stucco: 1
Other: 1
Cooling
Central Air: 1
Wall/Window Unit(s): 1
Flooring
Carpet: 1
Tile: 1
Vinyl: 1
Listing Terms
Cash: 1
Conventional: 1
Pool Features
None: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Income: 0
Gross Scheduled Income: 30000
Net Operating Income: 0
Operating Expense: 0
Owner Pays
Insurance: 1
Repairs: 1
Sewer: 1
Taxes: 1
Water: 1
Road Surface Type
Paved: 1
Roof
Shingle: 1
Special Listing Conditions
Standard: 1
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Available: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Office: 1
Showing Considerations
Occupied: 1
Historical Information
Public Historical Remarks 3: Style-Other - Call Agent: Y, Equipment/Appliances-Range: Y, Number of Buildings: 3 Buildings
Contract Information
Current Price: $290,000
Original List Price: 320000
Sold Price: $290,000
Status: Closed
Listing Contract Date: 2017-02-09
Property Sub Type: Quadruplex
Location Tax and Legal
Street Number: 69
Street Name: Palmetto
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32953
MLS Area Major: 251 - Central Merritt Island
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2017-09-28T15:25:15Z
Major Change Type: Status Change
Status Change Timestamp: 2017-09-28
Purchase Contract Date: 2017-08-25
Close Date: 2017-09-28
Close Price: 290000
Property Features
Appliances: Electric Range; Other
Construction Materials: Stucco; Other
Cooling: Central Air; Wall/Window Unit(s)
Flooring: Carpet; Tile; Vinyl
Listing Terms: Cash; Conventional
Owner Pays: Insurance; Repairs; Sewer; Taxes; Water
Pool Features: None
Possession: Close Of Escrow
Road Surface Type: Paved
Roof: Shingle
Special Listing Conditions: Standard
Utilities: Electricity Connected; Sewer Connected; Water Available
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: Appointment Only; Call Listing Office
Listing Office: Daignault Realty Inc
Last Updated: June - 25 - 2026
Information is deemed to be reliable, but is not guaranteed.