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Lodging and Hospitality
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MOTEL WITH MINI-MART - 19113 N 441 US HWY,
REDDICK, FL 32686
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| Property Type: Retail |
Retail (Other) |
| Building Size: 6,679 SF |
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| Year Built: 1927 |
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| Price: $359,000 |
Price/SF $53.75 |
| Property Description: INCREDIBLE INVESTMENT
OPPORTUNITY FOR OWNER/INVESTOR, RESTORE THIS PROPERTY
TO ITS FORMER GLORY. BUSY CORNER LOCATION, MINI-MART
AND 14 ROOM MOTEL/EFFICENCY. TWO BUSINESSES ON ONE PROPERTY.
THIS PROPERTY CAN BE TURNED INTO A MAJOR MONEY MAKER
!!! PROPERTY VACANT. |
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HOTEL CONDOMINIUM - 2506 ROCKY POINT, TAMPA,
FL 33607
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| Property Type: Multifamily |
Duplex/Triplex/Fourplex |
| No. Units: 2 |
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| Building Size: 600 SF |
Year Built: 1983 |
| Price: $373,000 |
Price/Unit: $186,500.00 |
| Property Description: @ $186,500 EACH
FOR A 1 BED/1BA OR $329,900 FOR A 2BD/2BA. BUY ONE OR
MORE ON THE BAY! NEW LISTING FEB '06, SEVERAL ARE SIDE
BY SIDE!. . . THIS IS A FULL 1BED/1BATH CONDO WITH KITCHENETTE.
THESE RE-SALES ARE IN EXCELLENT CONDITION! LEASE CONDO
BACK TO HOTEL RESORT & COLLECT AN INCOME WITHOUT ANY
SWEAT EQUITY OR CONCERNS. THIS IS A RESORT STYLE HOTEL.
THESE UNIT FACE AND OVERLOOKS TAMPA BAY, BEACH AND CAUSEWAY!
PERSONEL USE UP TO 74 DAYS, PERFECT FOR BUSINESS TRAVELER
OR CAN BE PURCHASED AS A FULL TIME RESIDENCE TO LIVE
IN. MINUTES FROM TAMPA INT'L AIRPORT, BEACHES, TRENDY
WESTSHORE SHOPS AND NIGHT LIFE. THERE IS POTENTIAL FOR
THIS WATER FRONT PROPERTY VALUE TO INCREASE! 1 BLOCKAWAY
CONDOS TO BE COMPLETED IN 2006 ARE STARTING AT $575K
FOR 2BD/2BA. THIS IS A RARE OPPORTUNITY THAT WON'T LAST,
HAD THE LAST ONE GO UNDER CONTRACT IN DAYS. . . COULD
BUY 3 IN A ROW! OR SEVERAL SCATTERED THRU COMPLEX. I
OWN A UNIT HERE AND AM NOT SELLING MINE! OPPORTUNITY
TO BUY 1 OR MORE! CURRENTLY 5 SOLD FAST, TAKING BACK-UPS.
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THREE PALMS MOTEL - 1601 S Federal Hwy, Lake
Worth, FL 33460
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| Property Type: Lodging & Hospitality |
Economy/Limited |
| Service No. Rooms: 11 |
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| Building Size: 3,667 SF |
Year Built: 1956 |
| Price: $800,000 |
Price/Room: $72,727.27 |
| Property Description: This motel is in
a very good location, close to the beach, S Federal
is an upcoming area in Lake Worth, with new construction
with condos. The rent per efficiency is $300 per week
and $75 per day, and per studio it is $255 per week
and $65 per day. This property has a great potential.
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Southern Comfort Bed and Breakfast - 2409
W Ravine Dr., Ruskin, FL 33570
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| Property Type: Special Purpose |
Special Purpose (Other) |
| Building Size: 7,500 SF |
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| Year Built: 1959 |
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| Price: $1,150,000 |
Price/SF $153.33 |
| Property Description: Unlimited possibilities
for this spectacular, partially furnished estate located
on picturesque grounds: bed & breakfast resort, group
home or assisted living facility. Magnificent oaks,
orange trees, fountains, English gardens, gazebo, lighted
tennis court and 3 hole putting green has a feel of
"New England". This one acre estate with wrought iron
fencing with electric gates offers a 7500 square foot
home which includes 7 bedrooms, 7 baths, oversized screened
pool with extra large courtyard, recreation room, 8
person hot tub, 2 car garage, hardwood, tile and carpet,
4 working fireplaces & 1 nonworking. Sub-Zero and Jenn
Aire appliances, 4 full kitchens & 1 mini kitchen, built
in charcoal pit & crown moulding. |
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New England Motor Lodge - 704 N. Dixie Hwy,
Lantana, FL 33462
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Property Type:
Lodging & Hospitality |
Economy/LimitedService |
| No. Rooms: 14 |
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| Building Size: 4,722 SF |
Year Built: 1947 |
| Price: $1,250,000 |
Price/Room: $89,285.71 |
| Property Description: Hot area of Lantana
undergoing new development and revitalization. Now is
the time to buy in this most desirable area. Could renovate
or build new. Town is considering new mixed zoning laws.
Approximately 1 mile to beaches. |
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Hummingbird Hotel
631 Lucerne Avenue, Lake Worth, FL 33460
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| Property Type: Lodging & Hospitality |
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Economy/Limited Service |
| No. Rooms: 24 |
Cap Rate: 8.32% |
| Building Size: 6,125 SF |
Year Built: 1921 |
| Price: $1,550,000 |
Price/Room: $64,583.33 |
| Property Description: Hummingbird Hotel
is located in the heart of Downtown Lake Worth, Florida.
The property consists of 24 rooms, a laundry room, a
maintainance/storage room, a manager's office, a kitchen
and a lobby. Hummingbird Hotel offers a premium location
to its guests in the heart of upcoming Downtown Lake
Worth. Guests can enjoy convenienent access to leisure
activities such as exciting festivals, scenic golf courses,
a 19-acre public beach, art galleries and numerous dining
choices within walking distance. Hummingbird Hotel is
surrounded by a wide range of restaurants of ethnic
specialties, international cuisine and neighborhood
pubs. The subject property has recently undergone major
renovations in 2005. New carpeting has been installed
in all hallways and 17 rooms. The interior of the hotel
has been completely painted. Some of the bathrooms have
been retiled. Each room is equipped with Cable TV. Hummingbird
Hotel is currently offered for sale at $1,550,000, which
breaks down to $64,583 per room. |
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spa - 12650 77th Street, fellsmere, FL 32948
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| Property Type: Lodging & Hospitality |
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Economy/Limited Service |
| No. Rooms: 12 |
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| Building Size: 6,800 SF |
Year Built: 1996 |
| Price: $1,500,000 |
Price/Room: $125,000.00 |
| Property Description: Very Large Estate
situated on 5 acres a Gated access with Beautiful Concrete
pond that gives with two water falls surrounded by protected
lands Great opportunity for a unique Beauty Spa has
a oversized pool with vegetative manicured grounds throughout
Marble throughout High end Quality construction |
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Bed and Breakfast, Store Endless possibilities
107 North Broadway Street, Fellsmere, FL 32948
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| Property Type: Lodging & Hospitality |
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Full Service |
| No. Rooms: 33 |
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| Building Size: 13,000 SF |
Year Built: 1906 |
| Price: $799,000 |
Price/Room: $24,212.12 |
| Property Description: Extensive renovation
on this one of a kind Original Fellsmere Inn Built in
1906 with over 13,000 sq. ft., as improvements occur
price will also be addressed. New Aluminum Roof all
interior has been taken to original condition. Ready
to be developed out into Dream Business. This property
is zoned Multiple Use could be a hotel once again ,
Office space, store front , Eatery or combined use.
Truly one of a kind in a upcoming community. Close to
the Stick Marsh noted in Field and Stream Magazine as
one of the best Bass fishing in the United States. Opportunities
are endless >Could be a great Wedding Faculty ,Antique
mall |
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Confidential
11711 Ocklawaha Drive, Leesburg, FL 34788
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| Property Type: Multifamily |
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Mobile Home/RV Community |
| Cap Rate: 10.00% |
Occupancy: 70% |
| No. Spaces: 16 |
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| Price: $774,900 |
Price/Space: $48,431.25 |
| Property Description: 10%+ CAP RATE.
HAINES CREEK WATERFRONT RV/MOBILE PARK. 4 APTS, 2/1
HOME, 2/2 MOBILE RECENTLY RENOVATED, 10 RV SPACES, SOME
ON THE WATER, 18 BOAT SLIPS. EXCELLENT INCOME POTENTIAL.
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Laurel Villa Motel - 1409 N Tamiami Trail,
Nokomis, FL 34275
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| Property Type: Land |
Commercial/Other (land) |
| Lot Size: .68 Acres |
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| Price: $1,750,000 |
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| Property Description: 12 efficency type
unit motel for sale. Minutes away are wonderful beaches,
touched by the calm, warm waters of the Gulf of Mexico.
29,589+ square feet. Attached to the motel is a two
story residence with three bedrooms two baths. Motel
has carpeted wlkways, picnic shelter area and large
patio, pebble parking area, pool, pool building and
garage. Also a putting green. There are two access drives,
adequate parking on stone with 15+ spaces. |
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Econo Lodge Motel - 5331 East Silver Springs
Blvd., Silver Springs, FL 34488
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Property Type:
Lodging & Hospitality |
Economy/Limited Service |
| No. Rooms: 49 |
Cap Rate: 11.00% |
| Building Size: 19,930 SF |
Year Built: 1958 |
| Price: $1,995,000 |
Price/Room: $40,714.29 |
| Property Description: PLEASE REQUEST
INFO BY EMAIL BELOW FOR FASTER RESPONSE. The motel has
a total of 49 units. These consist of 43 standard motel
rooms, 5 efficiency units with large, separate kitchens,
and a huge owner's apartment. The owner's apartment
is much larger and better appointed than you typically
see in a motel. The kitchen is full size, with a separate
dining area and large family room. The owner's apartment
is two bedroom, two bath. The seller has invested approximately
$75,000 in the last few months in renovating all of
the bathrooms in the motel. The property was under contract,
however the transaction did not close due to problem's
among the buyer's group. However, a local bank has approved
a loan of $1,406,250 on the motel, and the seller will
hold a second mortgage for a qualified buyer, so one
can acquire this property without the typical 25-30%
down. The property had gross revenue in 2004 of $490,001.
Revenue was off somewhat in 2005 due to mansard roof
repairs due to Hurricane Charley, and the renovation
of all baths. However, 2006 promises to be an excellent
year. |
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Casa de Rosa - 520 27th Street, West Palm
Beach, FL 33407
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Property Type:
Lodging & Hospitality |
Full Service |
| No. Rooms: 5 |
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| Building Size: 5,600 SF |
Year Built: 1924 |
| Price: $1,995,000 |
Price/Room: $399,000.00 |
| Property Description: Casa de Rosa is
a breathtaking Bed & Breakfast located in the Historic
Old Northwood area. This property features 5,600 sq.
ft. of living space, 4 Bedrooms with private baths,
designer kitchen, wood floors, fireplace, decorator
window treatments, verandas, and original murals throughout.
A detached cottage, complete with kitchen, is nestled
amongst a private garden, tropical landscape, fountains,
a Tuscan Style pool, and so much more. This turnkey
business includes a website, brochures, guest list,
and an on-line registration. For 2005, the business
did roughly $100K in sales without doing major functions
like weddings, private parties, etc. Also, the owners
occupy one room currently which reduces sales. |
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Suites Motel - 1025 lakeshore, Lakeland, FL
33805
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Property Type:
Lodging & Hospitality |
Economy/Limited Service |
| No. Rooms: 66 |
Cap Rate: 10.00% |
| Building Size: 30,000 SF |
Year Built: 1972 |
| Price: $2,000,000 |
Price/Room: $30,303.03 |
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Property Description: The property has 66 rooms already
open, and the income is project only. during year
2006 the sale price will increase to $3,500,000. Note:
the property is under 70 ground lease, but the land
may be for sale approx. $800,000
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Air Way Motel - 525 N Federal Hwy, Lake Worth,
FL 33460
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| Property Type: Multifamily |
Garden/Low-Rise |
| No. Units: 8 |
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| Building Size: 5,189 SF |
Year Built: 1984 |
| Price: $895,000 |
Price/Unit: $111,875.00 |
| Property Description: It is close to
the beach. Owner will finance with $175,000 down. It
has 2 licenses Motel and Apartment. It has a HOUSE with
3/2 attached to the office. 2 Apartments with 2 /1,
1 Apartment with 1/1 and 4 Efficiencies with a complete
kitchen. All Units have been renovated with kitchen
cabinets, tile, terrazzo floors, new carpet, newer appliances.
All units have T.V. and cable T.V. Good and long term
tenants 3 out of 9 have leases. This nice property has
a great potential and it is close to the beach and to
PALM BEACH. |
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BUDGET INN
101 W BURLEIGH BLVD, TAVARES, FL 32778
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| Property Type: Lodging & Hospitality |
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Economy/Limited Service |
| No. Rooms: 41 |
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| Building Size: 17,184 SF |
Year Built: 1964 |
| Price: $2,500,000 |
Price/Room: $60,975.61 |
| Property Description: THE ONLY MOTEL
CURRENTLY FOR SALE IN TAVARES. 41 ROOMS, LOCATED LAKE
COUNTY, ONE OF THE NATION'S FASTEST GROWING AREAS. LOCATED
ON US HWY #441 (BURLEIGH BLVD). VERY HIGH VISABILITY
AND HIGH DAILY TRAFFIC COUNT. CLOSE TO CHAIN OF LAKES,
RESTAURANTS, BRAND NEW "FLORIDA HOSPITAL" AND SHOPPING.
EASY ACCESS TO ORLANDO, AIRPORTS, INTERSTATE(s) 75,
95 AND 4. SWIMMIG POOL. PROPERTY IS CURRENTLY LEASED.
FINANCIALS ARE ESTIMATED. REQUIRE 60 DAY LEASE TERMINATION.
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Us Hwy 27 N - 1101 US 27 NORTH, Lake Placid,
FL 33852
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| Property Type: Land |
Commercial/Other |
| Lot Size: 10.00 Acres |
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| Price: $2,500,000 |
Price/Acre: $250,000.00 |
| Property Description: Located across
the street from the hospital and cleared with a view
of Lake June. Survey has been completed and plans have
been drawn up for a business park with 13 buildings
and a 2 story 50 room hotel. The plans have been approved
by the county and is ready to start building. |
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HEYDEN HAVEN
124-128 NORTH L STREET, LAKE WORTH, FL 33460
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| Property Type: Multifamily |
Garden/Low-Rise |
| No. Units: 4 |
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| Building Size: 3,000 SF |
Year Built: 1930 |
| Price: $1,174,000 |
Price/Unit: $293,500.00 |
| Property Description: HEYDEN HAVEN IS
A PRIVATE GATE RESIDENTIAL COMPLEX NEWLY COMPLETED 11/2004.
2- OF THE 3- BUILDINGS ARE COMPLETELY RESTORED FROM
THE GROUND UP AND THE 3RD BUILDING IS NEW TO MATCH.
EACH OF THE 4- RESIDENCES ARE INDIVIDUALLY & UNIQUELY
DECORATED AND ARE CURRENTLY PART OF HEYDEN HAVEN, SPECIALIZING
IN SEASONAL, CORPORATE RELOCATIONS & INTERM ACCOMMODATIONS.
THIS IS A LUSHLY LANDSCAPED FACILITY WITH POOL,SPA,FOUNTAINS
& GYM AND FEELS LIKE A TROPICAL HIDEAWAY. THE EVENING
ACCEST LIGHTING HIGHLIGHTS THEPOOL AND GARDENS. $2150-$2800
APPROX. PER MONTH AND/OR $800-$1000 APPROX. PER WEEK
DEPENDING ON TIME OF YEAR. EVERYTHING STAYS EXCEPT PERSONAL
ITEMS & TOOLS. LAKE WORTH GOLF COURSE , INTRACOASTAL
WATERWAY AND THE BEACH ARE JUST A FEW BLOCKS AWAY. ZONED
PMF30 COMMERCIAL, COULD BE PROFFESSIONAL OFFICES,MULTIFAMILY,
BED & BREAKFAST (ALMOST B&B NOW). |
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Park Avenue Inn
240 Park Avenue, Palm Beach, FL 33480
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| Property Type: Lodging & Hospitality |
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Economy/Limited Service |
| No. Rooms: 29 |
Year Built: 1987 |
| Building Size: 16,000 SF |
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| Price: $6,000,000 |
Price/Room: $206,896.55 |
| Property Description: 29 Units Inn, ready
for motel condo conversion or redevelopment. Great Location
on the exclusive Island of West Palm Beach. |
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Potential Bed and Breakfast on 1/3 acre
614 1st ave south, Lake Worth, FL 33460
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| Property Type: Lodging & Hospitality |
| No. Rooms: 8 |
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| Building Size: 2,150 SF |
Year Built: 1924 |
| Price: $999,000 |
Price/Room: $124,875.00 |
| Property Description: 1/3 acre zoned
professional office/ MF30 units per acre Create a Bed
and Breakfast(using existing structure) with an optional
restaurant, or develop into 10 condo/townhouse units.
Or create business office or retail shops. Located in
fashionable Downtown Lake Worth. Corner Lot, adjacent
to public parking zoned PO/MF30. |
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Tierra Firma Condo's
4643 Hwy 192, Kissimmee, FL 34746
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| Property Type: Land |
Multifamily (land) |
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| Lot Size: 3.90 Acres |
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| Price: $2,600,000 |
Price/Acre: $666,666.62 |
| Property Description: The U.S. Hwy. 192
BeautiVacation Project is a major public/private initiative
that is changing the tourist corridor's image, resulting
in a more tourist friendly and economically viable area.
Phase I: The city has completed in the area improvements
valued at $4.3 million. Phase II: Estimated value of
$25 million. 4 Miles to Disney's Maingate and all the
New Major developments. Similar projects sell for $35
- $45,000 per Unit in the area. |
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SEA SPRAY GARDENS MOTEL
965 E. CAUSEWAY BLVD., VERO BEACH, FL 32963
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| Property Type: Lodging & Hospitality |
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Economy/Limited Service |
| No. Rooms: 17 |
Cap Rate: 8.00% |
| Building Size: 9,042 SF |
Year Built: 1955 |
| Price: $2,200,000 |
Price/Room: $129,411.76 |
| Property Description: 17 UNIT MOM & POP
MOTEL ON VERO BEACHES BARRIER ISLAND. OFFICE & MANAGERS
APT. IN ADDITION. POOL PLUS DECK ! 300 YARDS TO THE
OCEAN !!! |
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Casa de Rosa
520 27th Street, West Palm Beach, FL 33407
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| Property Type: Lodging & Hospitality |
| Full Service No. Rooms: 5 |
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| Building Size: 5,600 SF |
Year Built: 1924 |
| Price: $1,995,000 |
Price/Room: $399,000.00 |
| Property Description: Casa de Rosa is
a breathtaking Bed & Breakfast located in the Historic
Old Northwood area. This property features 5,600 sq.
ft. of living space, 4 Bedrooms with private baths,
designer kitchen, wood floors, fireplace, decorator
window treatments, verandas, and original murals throughout.
A detached cottage, complete with kitchen, is nestled
amongst a private garden, tropical landscape, fountains,
a Tuscan Style pool, and so much more. This turnkey
business includes a website, brochures, guest list,
and an on-line registration. For 2005, the business
did roughly $100K in sales without doing major functions
like weddings, private parties, etc. Also, the owners
occupy one room currently which reduces sales. |
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Affordable Inn Lake Worth
605 N. Federal Hwy, Lake Worth, FL 33460
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| Property Type: Lodging & Hospitality |
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Economy/Limited Service |
| No. Rooms: 14 |
Cap Rate: 7.33% |
| Building Size: 5,928 SF |
Year Built: 1955 |
| Price: $1,250,000 |
Price/Room: $89,285.71 |
| Property Description: Excellent Income/Development
Opportunity in East Lake Worth on Federal Hwy. Affordable
Inn is a 2-story 14-unit motel w/laundry room (machines
owned) on a larger (double) corner lot. Plenty of parking
both on the front and on the back (total of 16 spaces).
CBS building. Roof just replaced! Currently weekly rentals,
with consistently high occupancy. Seller has been raising
the rents since supply of similar units is low in the
area. Please check below for zoning info. ****Please
don't disturb tenants. Please drive by first and then
call for showing.**** |
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Orlando National Flag Two hotels
`2300 INTERNATIONAL DRIVE, Orlando, FL 32819
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| Property Type: Lodging & Hospitality |
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Economy/Limited Service |
| No. Rooms: 240 |
Year Built: 1976 |
| Price: $11,000,000 |
Price/Room: $45,833.33 |
| Property Description: The two national
flag each one has 120 rooms with 4acre of land on very
busy International drive in Orlando.The best use beside
running hotel, Condo Conversion potential.Details can
be available for qualifed buyer/investors. |
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Delray Beach Land
1600 N Federal Hwy, Delray Beach, FL 33483
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| Property Type: Land |
Commercial/Other |
| Lot Size: .66 Acres |
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| Price: $1,295,000 |
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| Property Description: One of the last
pieces in Delray Beach on N. Federal Hwy. Larger lot
(0.66 Acres; 121 ft frontage) zoned GC (Commercial or
Residential Mixed Use projects are allowed). Currently
there's a 10-Unit + Office Motel, which generates approximately
an NOI of $60,000/year. Frontage also on Old Dixie Hwy.
There's plenty of new construction around. Minutes to
Everything! ***Please don't talk to the tenants / Drive-by
first and then call for showings*** |
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Fort Pierce Inlet
Seaway Drive and A1A, Fort Pierce, FL 34949
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| Property Type: Land |
Commercial/Other |
| Lot Size: 1.87 Acres |
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| Price: $9,700,000 |
Price/Acre: $5,187,166.00 |
| Property Description: 1.87+/- acres of
undeveloped land |
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<< Take a look at more Hospitality Property
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INFORMATION
AND PRICES SUBJECT TO CHANGE WITHOUT NOTICE
Updated
March 2006
Hospitality and Lodging: Florida Commercial Real Estate
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