255 Fortenberry Rd - Medical CONDO FOR SALE


Merritt Island, FL 32952
$1,160,000 USD
321-223-8845
255 Fortenberry Rd, Merritt Island, FL for Sale
$1,160,000 USD
Medical CONDO - FOR SALE
1/41
null | 8.4% Cap Rate

255 Fortenberry Rd
Merritt Island, FL 32952


HIGHLIGHTS

  • 8.4% Cap Rate | Income-Producing Medical Office
  • 5,550 SF Fully Built-Out Medical Suite
  • Strategic Location Near New Health First Hospital

OVERVIEW

Excellent opportunity to acquire an income-producing medical office investment in Merritt Island’s growing healthcare corridor. This 5,550 SF fully built-out medical suite is strategically located just minutes from the new Health First Hospital and surrounded by major national retailers including Publix, Home Depot, Wawa, and Olive Garden. The property features five exam rooms, large reception and waiting area, multiple physician offices, nursing stations, and a dedicated administrative/billing hub, providing a turnkey layout for medical operations. Offered at $1,160,000 with an 8.4% cap rate, this asset provides stable income potential in one of the most resilient commercial sectors. Strong nearby traffic counts and growing population demographics support long-term healthcare demand in the Merritt Island market.

FOR SALE DETAILS

PRICE

$1,160,000 USD

PRICE/SF

$209 USD /SF

CAP RATE

8.4%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fortenberry Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

16,000 SF

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

BU-1, Merrit Island

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Duane WatsonWatson Commercial Real Estate, Inc.More Info
321-223-8845

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Duane WatsonWatson Commercial Real Estate, Inc.More Info
321-223-8845

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.