US Bankruptcy Court Ordered AUCTION
Auction Closing October 6, 2026 @ 12:00pm (EST)
TWO (2) Buildings
123/125 Tangerine Avenue
Merritt Island, FL 32953
PIN# 24-36-35-32-F-7
Property Features:
• 0.17 Acres (59’ x 125’)
• Built 1956, CBS construction
• Zoned: BU-1; General Retail/Commercial
• 10 parking spaces
• Located in Merritt Park Place
• Corner lot on Tangerine and McLeod
Building 1: 125 Tangerine
• 2 story, 2,022± sq ft
• Reception Area, 5 offices, 2 bath, break, loft, & storage
Building 2: 123 Tangerine
• 1 story, 864± sq ft
• 3 offices/1 bath
Terms and Conditions
Pleasae Request Copy of the Bid Procedures
• Real Property selling to the “HIGHEST BIDDER, REGARLESS OF PRICE” basis!
• Real Property sells on an 'AS IS, WHERE IS’ basis with NO warranties of any kind, expressed, implied, or otherwise.
• 10% On-Line Buyer’s Premium on real estate.
• Buyer will pay ALL Closing Costs.
• Buyer will pay ALL taxes, both current and delinquent, on the properties.
• $25,000 deposit into escrow will be required to bid on the properties, due by Monday, October 5, 2026 @ 5:00pm.
• A 10% NON-REFUNDABLE DEPOSIT of the Contract Price and an executed contract, will be due on Wednesday, October 7, by 4p.m.
• There will be NO Contingencies to closing for inspection, financing, or otherwise.
• Closing will take place within thirty (30) days of the entry of the Order Approving the Auction by the U.S. Bankruptcy Court.
• Failure to close timely will result in the forfeiture of the deposit to the Bankruptcy Trustee as liquidated damages.
• All sales are subject to U.S. Bankruptcy Court Approval.
• Seller will NOT provide the Buyer with title insurance.
• Possession with Deed.