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255 Fortenberry Rd - Fortenberry Professional Building 5,550 SF Medical Condo Unit Offered at $1,585,778 CAD in Merritt Island, FL 32952
Investment Highlights
- 8.4% Cap Rate | Income-Producing Medical Office
- Strategic Location Near New Health First Hospital
- 5,550 SF Fully Built-Out Medical Suite
Property Facts
| Total Building Size | 16,000 SF | Typical Floor Size | 2,750 SF |
| Property Type | Office (Condo) | Year Built | 1974 |
| Property Subtype | Medical | Lot Size | 0.13 AC |
| Building Class | C | Parking Ratio | 12.73/1,000 SF |
| Floors | 2 | ||
| Zoning | BU-1, Merrit Island - Community Business District | ||
| Total Building Size | 16,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 2,750 SF |
| Year Built | 1974 |
| Lot Size | 0.13 AC |
| Parking Ratio | 12.73/1,000 SF |
| Zoning | BU-1, Merrit Island - Community Business District |
Amenities
- Signage
- Storage Space
- Central Heating
- Air Conditioning
1 Unit Available
Unit A1
| Unit Size | 5,550 SF | Sale Type | Investment |
| Price | $1,585,778 CAD | Cap Rate | 8.40% |
| Price Per SF | $285.73 CAD | NOI | $133,205.36 CAD |
| Condo Use | Medical |
| Unit Size | 5,550 SF |
| Price | $1,585,778 CAD |
| Price Per SF | $285.73 CAD |
| Condo Use | Medical |
| Sale Type | Investment |
| Cap Rate | 8.40% |
| NOI | $133,205.36 CAD |
Description
This income-producing medical office investment offers a rare opportunity to acquire a fully built-out healthcare facility in the rapidly growing Merritt Island medical corridor. Located at 255 Fortenberry Rd, Suite A1, the property features 5,550 square feet of medical office space configured specifically for efficient patient care and clinical operations.
Positioned just minutes from the new Health First Hospital campus, the property benefits from strong healthcare demand and proximity to one of the region’s largest medical hubs. The surrounding area includes major national retailers and service providers including Publix, Home Depot, Wawa, Olive Garden, and TJ Maxx, creating a highly accessible and established commercial corridor with strong daily traffic counts of approximately 29,000 vehicles on E Merritt Island Causeway and 27,500 vehicles on S Courtenay Parkway.
The suite is fully built out as a comprehensive medical office, featuring five exam rooms, a large reception and waiting area, multiple physician offices, dedicated nursing stations, and a large administrative and billing operations area, making it ideal for medical practices or healthcare service providers. The efficient layout also includes support spaces such as labs, storage areas, and staff workspaces, allowing for seamless clinical workflow.
Offered at $1,160,000 with an 8.4% cap rate, the asset provides investors with immediate income and long-term stability in the healthcare sector, one of the most resilient property types in commercial real estate.
The surrounding Merritt Island market continues to experience steady population and household growth, with more than 225,000 residents within a 10-mile radius and average household incomes approaching $95,000, supporting strong long-term demand for healthcare services.
This offering represents an excellent opportunity for investors seeking a stable medical asset in Brevard County, positioned within a growing healthcare ecosystem and surrounded by strong demographics and high-traffic retail corridors.
Sale Notes
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.
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255 Fortenberry Rd - Fortenberry Professional Building
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