Description

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. 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 details.

Posted Feb 13, 2015

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