Property details

Florida Beach Motel For Sale, Southeast Region

Property Description

Located in an Income Tax Free State!     

Florida Beach Motel For Sale

Owner will Carry Financing!

MOTIVATED SELLER!!!

BRING ALL OFFERS!!!

Was $3,300,000.

PRICE JUST REDUCED!

SELLER WILL CONSIDER OWNER FINANCING WITH 40-50% DOWN.

Direct 18 unit Oceanfront Motel

Central FL, Atlantic Coast Location

This Art Deco Motel has been completely renovated with a new roof and new custom top rated windows, upgraded tile, Tommy Bahama furniture, Flat screen TVs and private tropical patios.

The oceanfront pool with new pavers was recently completely redone and resurfaced.

In addition, there is a large 2 bedroom owners/manager quarters with amazing ocean views and an overview of the entire complex.

This deal includes the property across the street consisting of 8 units in 3 separate buildings on 100 x 300 ft parcel of land, perfect for extended stay guests requiring more room requiring 1- 2 bedrooms with and dining rooms and full gourmet kitchens.

This property is right in the middle of a potential oceanfront condo development.

The City has just passed and removed the height restriction for oceanfront development.

Please check directly with the City Building Dept. for further details.

All information deemed to be true but not guaranteed and must be verified by potential buyer.






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Highlights

Status:
Available
Price:
$2,990,000
PSF:
$878
 

Property Information

Building Size:
3,407 sq.ft.
Property Type:
Hotel
Industry Type:
Hotel - Motel - Inn
Units/Spaces:
18
Year Built:
1950
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.