595 Cinnamon Drive Satellite Beach, FL $ 1,500,000
595 Cinnamon Drive
$ 1,500,000
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595 Cinnamon Drive

Satellite Beach, FL, 32937
$ 1,500,000
Bedrooms-- Baths8.0 Sq 5,550

Monthly Estimate*

$ 9,236

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Commercial Property for sale in Satellite Beach, FL

for $1,500,000 with 8 full baths. This 5,550 square foot building was built in 1963 on a lot size of 0.38.

8 unit multifamily asset offering immediate income, operational flexibility, and clear upside. All leases are month to month, giving the next owner flexibility to adjust rents, improve terms, renovate strategically, or reposition the asset over time. The unit mix includes five 1 bedroom, 1 bath units and three 2 bedroom, 1 bath units, serving a strong tenant pool and supporting long term rental demand. Major capital items have already been addressed, including a 7 year old roof, newer AC systems, updated electrical, and a recently repaved parking lot. With flexible lease terms, a marketable unit mix, and major updates already completed, this is a strong opportunity to acquire an 8 unit multifamily property with immediate rental income and room to grow.

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Commercial Active

Price

$ 1,500,000

Full Bath

8

Property Type

Commercial

Taxes

$ 16,224

Style

Multi Family

Lot Size

0.38

Year Built

1963

Town/City

Satellite Beach

County/Region

Brevard

MLS | Web ID

1077379

Features
General
Living Area 5550
Sewer Public Sewer
Heating Central Electric
Cooling Ceiling Fan(s) Central Air Electric
Utilities Cable Connected Electricity Connected Sewer Connected Water Connected Separate Electric Meters Separate Water Meters
Possession Close Of Escrow
Roof Shingle Tile
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Block Concrete
Year Built 1963
Tenant Pays Electricity Insurance
Property Subtype Multi Family
Tax Year 2025
Current Use Investment Multi-Family
Gross Income 10350
County Brevard
Property Type Commercial Sale
HOA false
Attached Garage false
Subdivision Name Michigan Beach Replat of Part of 3rd Add To
Building Features Laundry
Status Active
Directions Highway A1A N/S to Cinnamon Dr. Turn West on Cinnamon Dr. 2nd to last building on the south side of the street before you arrive at South Patrick Drive
City Satellite Beach
Senior Community Y/N false
Number Of Units Total 8
MLS Area 381 - N Satellite Beach
Lot Size Units Acres
Lot Size Square Feet 16552.8
Land Lease Y/N false
Tax Annual Amount 16224.2
MLS Area Minor 381 - N Satellite Beach
Standard Status Active
Legal Description MICHIGAN BEACH REPLAT OF PART OF 3RD ADD TO LOT 11 & E 60 FT OF LOT 12 BLK F
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Interior
Flooring Terrazzo
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 8
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Exterior
Fencing Block
Parking Features Assigned Parking Lot
Lot Features Zero Lot Line
Water Source Public
Inclusions Building & Land
Lot Size Area 0.38
Building Area Total 5550
Lot Size Acres 0.38
Waterfront Y/N false
Road Frontage Type City Street
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* Excluded Features
List By
Lpt Realty, Llc

Broker

guy@guyrealtor.com

Email

Affordability Calculator

$10,588
Per Month
87%
13%
0%
Monthly Principal & Interest
$9,236
Monthly Property Taxes
$1,352
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/14/2026$1,500,000 Listed Price

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595 Cinnamon Drive, Satellite Beach, FL, 32937 is a Commercial Property for sale at $1,500,000 with 5,550 sqft and a lot size of 0.38. 595 Cinnamon Drive has 8.0 baths and was built in 1963. The property's zip code is 32937 which is in Satellite Beach, FL