595 Cinnamon Drive , Satellite Beach, FL 32937

$1,500,000

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Property Description

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.

595 Cinnamon Drive | MLS# 1077379

This commercial property located at 595 Cinnamon Drive , Satellite Beach, FL 32937 is currently listed for sale with an asking price of $1,500,000. Search Satellite Beach real estate on mbmurray.watsonrealtycorp.com today.

Property Features

Property Type: Commercial - Investment
Cooling: Ceiling Fan(s), Central Air, Electric
Heating: Central, Electric
Lot Size: 0.38 Acres
Roof Type: Shingle, Tile
Year Built: 1963
Square Feet: 5,550

Feature Descriptions

Days on Site: 1
Exterior: Block, Concrete
Flooring: Terrazzo
Lot: Zero Lot Line
Parking Notes: Assigned, Parking Lot
Security/ Safety Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer: Public Sewer
Utility Features: Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters, Separate Water Meters
Water: Public

Listed By / Shown By

Listed By

Agency Name: LPT Realty, LLC
Agency Phone: 877-366-2213

Shown By

Agent Name: MaryBeth Murray
Agent Phone: (904) 657-9393
Agency Title: Watson Realty Corp., REALTORS ®

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/15/2026. The listing information on this page last changed on 05/15/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 05/15/2026 5:44:58 PM EST) or GAMLS (last updated Fri 05/15/2026 5:35:26 PM EST) or Stellar MLS (last updated Fri 05/15/2026 5:05:56 PM EST) or SPC MLS (last updated Fri 05/15/2026 5:40:26 PM EST) or Martin MLS (last updated Fri 05/15/2026 5:41:41 PM EST) or Indian River MLS (last updated Fri 05/15/2026 5:40:58 PM EST) or Daytona MLS (last updated Fri 05/15/2026 5:38:49 PM EST) or Northeast Florida MLS (last updated Fri 05/15/2026 5:40:13 PM EST) or Beaches MLS (last updated Fri 05/15/2026 4:55:35 PM EST) or BORMLS (last updated Fri 05/15/2026 5:33:55 PM EST) or Golden Isles MLS (last updated Fri 05/15/2026 5:36:49 PM EST) or Amelia/Nassau MLS (last updated Fri 05/15/2026 5:40:29 PM EST) or Dixie Gilchrist Levy MLS (last updated Fri 05/15/2026 5:42:40 PM EST) or NFLMLS (last updated Fri 05/15/2026 3:19:49 PM EST). Real estate listings held by brokerage firms other than Watson Realty Corp., REALTORS ® may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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