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    3485 Us-1

    Mims, FL 32754
    • $650,000
    • STATUS: Active
    • ON SITE: 363 days
    • MLS #: 1062673
    UPDATED: 34 min ago
    $650,000
    • 0
      BEDS
    • 0.98
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,765
      SQFT
    • $173
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1959
    County:
    Area:

    School Ratings & Info

    Description

    **CASH COW**This motel property is one-of-a-kind. It sits right on US1 marked by a visible digital sign that drivers can see as they pass by. Very spacious in the front and rear of the motel leaving many opportunities open on the rear side of the motel.The motel has been painted by a local semi-famous artist who is well known for paintings across the USA on buildings and water towers. The motel itself has a 2 bedroom manager suite that has a living room, maintenance room, bedroom, kitchen, and bathroom. This could be converted back into two individual units for rental purposes.The rest of the motel consists of 8 individual units each with there own kitchenette, WiFi, and cable.Cap rate is currently 7.3% (owner only accepts cash and does not do any online marketing)Zon

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    © 2020 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Team Zimmerman | Adams Cameron & Co. Realtors. Data last updated: 2020-09-24T00:25:17.7.
    www.realestateportorange.com/homes/99382610
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    3485 Us-1 Mims, FL 32754

    • Price: $650,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 1062673
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.98
    Acres
    3,765
    SQFT
    $173
    $/SQFT
    1959
    Built
    Neighborhood:
    Other
    County:
    Brevard
    Area:
    Other
    Property Description
    **CASH COW**This motel property is one-of-a-kind. It sits right on US1 marked by a visible digital sign that drivers can see as they pass by. Very spacious in the front and rear of the motel leaving many opportunities open on the rear side of the motel.The motel has been painted by a local semi-famous artist who is well known for paintings across the USA on buildings and water towers. The motel itself has a 2 bedroom manager suite that has a living room, maintenance room, bedroom, kitchen, and bathroom. This could be converted back into two individual units for rental purposes.The rest of the motel consists of 8 individual units each with there own kitchenette, WiFi, and cable.Cap rate is currently 7.3% (owner only accepts cash and does not do any online marketing)Zon
    Exterior Features

    Construction Concrete Block Highway Access Us1 Corner Lot Parking Lot Parking Spaces 12 Road Type Major Highway Roof Flat

    Interior Features

    Air Conditioning Wall/Window Units Heating Wall/Window Units Sq Ft Total 4233.00

    Property Features

    Access Transport 4 LaneUs Highway Building Type Location CommercialHotel/Motel Business Type Hotel/Motel Commercial Property Name The Patio Motel Commercial Style Comm-Land & Bldg Incl Condo Fees Include Na Current Use Motel Down Payment 25.00 Financing Owc - Financing Franchise Opt In No Gross Income 60000.00 Homestead Exemption Yes Includedin Sale BuildingBusiness NameEquipmen/MachineryFixturesFurnitureInventoryLandSigns - Owned Nrr Req No Possible Use AutoGarageGas/Service StationGeneral OfficeGeneral RetailMotel/HotelRestaurantSchoolShowroom Sewer Septic Sq Ft Source Property Appraiser Water Avail At SiteCity Zoning Text 3900 - Motor inn

    Listing courtesy of Luke Lamoureux of Ream Development Llc.


    © 2020 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Team Zimmerman | Adams Cameron & Co. Realtors. Data last updated: 2020-09-24T00:25:17.7.
     
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