Merritt Island Landmark Aladdin Motel For Sale For $1.75 Million
By Space Coast Daily // May 22, 2015
Aladdin Motel Built in 1968
BREVARD COUNTY • MERRITT ISLAND, FLORIDA – The Aladdin Motel, a landmark on Merritt Island at the base of the State Road 520 Causeway, is for sale for $1.75 million, according to Loopnet.com.
ALADDIN MOTEL LOOPNET.COM LISTING:
Built in 1968, the Aladdin Motel – Apartments is a 23-unit, exterior-corridor, economy motel located on State Road 520, in Merritt Island, Florida.
The property is well-maintained and guest rooms have undergone extensive renovations. Guest room improvements include new televisions, interior paint, tile and kitchenettes with microwaves.
Amenities include Free Wi-Fi and internet in all guest rooms, a coin laundry facility, non- smoking units, free parking and some units offer stoves.
This motel is highly rated on most major websites and is nearly always at full capacity.
The property also features a two-bedroom apartment unit (about 1,100 square feet) for the manager’s living quarters, making it perfect for an owner-operator.
The Aladdin Motel-Apartments is within 6 miles of World Famous Cocoa Beach and 2 miles of the Merritt Square Mall.
Featuring 8 King rooms, 6 Double/Single rooms, 5 Queen Efficiencies and 4 Queen Apartments, the Aladdin Hotel Apartments is an affordable investment for an owner-operator.
ABOVE MAP: The Aladdin Motel, a landmark on Merritt Island at the base of the State Road 520 Causeway, is for sale for $1.75 million, according to Loopnet.com.