North Merritt Island, FL High Income Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in North Merritt Island, Florida Market population: 35K. Compare commercial properties across all major asset...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For North Merritt Island FL Properties: 0.8200%

📊 Average Income For North Merritt Island FL Commercial Property: $55,957

Investor Questions For North Merritt Island FL

Common questions from investors exploring commercial real estate in North Merritt Island FL.

What's the overall investment potential of Merritt Island, FL? +

Merritt Island, FL, with its median household income of $55,957 and a relatively low poverty rate of 10.6%, presents a stable investment market, further bolstered by its high health insurance coverage of 88.3% and a short average commute time of 24.2 minutes, indicating a reliable and healthy workforce.

How does the ethnic diversity and industry mix impact the demand for real estate in Merritt Island? +

The diverse population, with top ethnicities including White (46.5%), White Non-Hispanic (43.5%), and Hispanic (4.0%), combined with a strong presence of industries like Finance & Insurance, and Real Estate & Rental & Leasing, suggests a robust demand for housing, supported by a high homeownership rate of 77.6% and a median property value of $177,800.

What are the implications of the commute methods and times for real estate investors in Merritt Island? +

The average commute time of 24.2 minutes, with top commute methods being Drove Alone, Worked At Home, and Carpooled, indicates a flexible and manageable commute infrastructure, which, when combined with the high health insurance rate of 88.3% and low poverty rate of 10.6%, suggests a stable and attractive environment for renters and thus, a promising investment opportunity.

How does the income inequality and poverty rate affect the quality of tenants in Merritt Island? +

The GINI coefficient of 0.458, indicating moderate income inequality, coupled with a poverty rate of 10.6% and a high health insurance coverage rate of 88.3%, suggests that while there is some income disparity, the overall workforce is employed and has access to healthcare, making for a relatively stable tenant base, especially considering the median household income of $55,957.

What role does the employed population and top industries play in the real estate investment stability of Merritt Island? +

With an employed population of 15,495 and top industries including Finance & Insurance, and Real Estate & Rental & Leasing, Information, and Manufacturing, Merritt Island enjoys a diversified economic base, which, combined with its low poverty rate of 10.6%, high health insurance coverage of 88.3%, and short average commute time of 24.2 minutes, contributes to a stable and attractive market for real estate investments, supported by a median property value of $177,800 and median property taxes of $10,862.

North Merritt Island FL Real Estate & City Facts

Key facts and real estate information about North Merritt Island FL.

What are some of the best neighborhoods to live in North Merritt Island? +

Some of the best neighborhoods to live in North Merritt Island include N Courtenay Pkwy, South Tropical Trail, and Egrets Landing. These neighborhoods are known for being peaceful, family-friendly, and having a sense of community.

What are some fun things to do in North Merritt Island? +

There are plenty of fun things to do in North Merritt Island, including visiting the Kennedy Space Center Visitor Complex, exploring the Merritt Island National Wildlife Refuge, and enjoying the scenic views of the Indian River Lagoon. You can also check out the Cocoa Village and Merritt Island area for waterfront dining, kayaking, and boating adventures.

What is the food scene like in North Merritt Island? +

The food scene in North Merritt Island is diverse and exciting, with a range of restaurants serving fresh seafood, fine dining, and casual eats. Some popular spots include The Fat Snook, Causeway Diner, and LUNA Food & Wine. There are also plenty of great food trucks and local eateries to try.

What are the pros and cons of living in North Merritt Island? +

The pros of living in North Merritt Island include its peaceful and family-friendly atmosphere, scenic views, and access to outdoor activities like kayaking and boating. However, some cons include the potential for traffic and crowds during peak tourist season, and the need for a car to get around. Overall, North Merritt Island is a great place to live for those who value a relaxed and natural environment.

Is North Merritt Island a good place to live? +

Yes, North Merritt Island is a good place to live for those who value a peaceful and natural environment, with plenty of opportunities for outdoor activities and a growing food scene. While it may not be the best fit for everyone, it's definitely worth considering for those who want to escape the hustle and bustle of city life and enjoy a more relaxed pace.

North Merritt Island, FL High Income Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For North Merritt Island FL Properties: 0.8200%

📊 Average Income For North Merritt Island FL Commercial Property: $55,957

Investor Questions For North Merritt Island FL

North Merritt Island FL Real Estate & City Facts

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