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Traditional Florida Motel For Sale For $650,000! Cap rate is 8% This is the perfect size Mom and Pop motel that needs someone with energy and vision to bring it into the 21st Century. It is approximately 9,688sq.ft. on approximately 1.80 acres of land. It was built in 1957. This is a diamond in the rough, traditional style Florida motel, with good frontage on a main highway in a busy tourist area! Currently there is no advertising, no website, no Internet presence, and yes, the rooms and office need to be completely upgraded. But add a little paint and some new furniture, and some tech savvy Internet presence and a new owner will multiply the revenues substantially! Plus there is a closed restaurant that would make a great coffee or snack shop and a pool could be re installed to take advantage of the Florida sunshine. Near State Park and the Suwanee River and only a half an hour from Gainesville and the University Hospital. It is close to shopping, WalMart and the small city. Present owner is motivated to retire, so now is the time to buy! Revenue figures are not available but make your own projections and present a reasonable offer. Factor in the renovations and it can be a great family motel again. Seller financing possible with good down payment. Call for more details
Real Property Included
Great frontage on a main highway in Levy County, Florida. It is approximately 9,688sq.ft. on approximately 1.80 acres of land. Near the State Park and the Suwanee River and only 30 minutes to Gainesville and the University Hospital there. It is close to shopping, a WalMart and a small city. Call for more information.
Motel is approximately 9,688sq.ft. on approximately 1.80 acres of land.
Renovations are needed to this motel. Once complete --should produce a good revenue stream with the right marketing and introduction to the Internet! Needs a website!!!
Once fixed up--this will be competition for anyone!
Owner is motivated to retire
24 hours a day, 7 days a week.
As may be required
Seller financing possible with good down payment.
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