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Motel In Levy County For Sale

Levy County, Florida
Asking Price:
$650,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

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

Property information

Real Estate:

Real Property Included

Location:

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.

Premises Details:

Motel is approximately 9,688sq.ft. on approximately 1.80 acres of land.

Business Operation

Expansion Potential:

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!!!

Competition / Market:

Once fixed up--this will be competition for anyone!

Reasons for selling:

Owner is motivated to retire

Trading hours:

24 hours a day, 7 days a week.

Years established:
1957

Other Information

Support & training:

As may be required

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller financing possible with good down payment.

Listed by

Matchmaker Business

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