$585,000

3485 Us Highway 1

MIMS FL, 32754

Description

OWNER FINANCING AVAILABLE! Independently-owned motel with no fees to a hotel chain. This 9 unit motel with 8 rentable units offers rooms that come complete with upgraded WiFi, cable, and kitchenettes which makes it a perfect place to stay for sub-contractors that work out of NASA, Space X, and Blue Origin many of which already stay regularly at the property for weeks and months at a time. The 2 bed / 1 bath managers suite that could be converted back into 2 additional units totaling 10 units. The motel is situated on 0.98 acres and sits on a corner lot with direct US-1 road frontage. The large sign out front is visible during the day and night, and a smaller digital sign has been added to the top of the larger sign for increased advertisement.NOTE: this motel owner currently ONLY accepts cash, no debit/credit cards and no online presence like Expedia; meaning there is MAJOR room for increased revenue.This property is zoned BU-1, The zoning commission has said that additional units can be added as their is no density limit, however there is a structural coverage limit which is 40% meaning you can add as many units as you would like until that limit is met. If you build anything new on the property it must be built to the TU-1 standards per code 62-1511

Details

MLS#O5897704
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1959
Days On Site15

Features

SQ Feet3,765
ZoningBU-1
Acreage0.98
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Area Information
StateFL
CountyBrevard
CityMIMS
Zip Code32754
Area32754 - Mims
Listing VS Median (in 32754)
Price:
$585,000
low | high
Med:
$269,000
100% of Average
SqFt:
3,765
low | high
Med:
690
100% of Average
$ / SqFt:
$155
low | high
Med:
$86
94.50204384987% of Average
On Site:
15
low | high
Med:
462.500000
3.243243243243% of Average
Listing Updated: 10/17/2020
Sue Goldthorp LogoMLS Number: O5897704
Listing Provided By:
Sue Goldthorp  of  VISULATE LLC

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