PRICE REDUCTION | View Offering Memorandum for Motel Projections & Details! To access see "Links" section or go to... MultifamilyFirm.com The Multifamily Firm is pleased to present the Nokomis Inn & Suites in Sarasota County, located just north of Venice, Florida, and 3 minutes from Nokomis Beach at the south end of Casey Key. Originally acquired by ownership for conversion into a mental & behavioral health facility, after short operation as such, the site did not align with the future business model of the company. As a result, the property is currently running as a limited operation boutique motel to produce cash flow and provide a jumping off point for new ownership to operate as they see fit. Consisting of 23-units in 5 buildings on 1 parcel totaling 1.21 acres, the property has direct frontage on Route 41 / Tamiami Trail (46,000 AADT), as well as highly favorable Commercial General (CG) zoning providing a diverse range of re-development opportunities. Additionally, the property features rock-solid masonry construction, with updated PVC plumbing throughout and extensive interior/exterior improvements completed in 2016 & 2019. *** Advertised CAP Rate based on Proforma/Projections - See OM for Full Details! ***