1627 S Byron Butler Pkwy - Hospitality FOR SALE


Perry, FL 32348
$1,575,000 USD
850-386-6160
1627 S Byron Butler Pkwy, Perry, FL for Sale
$1,575,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

1627 S Byron Butler Pkwy
Perry, FL 32348


HIGHLIGHTS

  • 1950 vintage Florida motel and campground on an 11-acre lot.
  • Property is passed by 11,200 daily drivers via Hampton Springs Avenue: a popular tourists route.
  • Close proximity to downtown Perry, and walking distance to shops and restaurants.

OVERVIEW

*Owners are now offering partial financing with 35% down upon closing.* 1954 Vintage Florida Motel located at the corner of Historic Highway 19 and Main Street intersection, in the City of Perry. Old Florida charm and a prime location with daily traffic count of 10,625 for HWY 19 directly in front of this 33 room Motel make this gem a savvy investment opportunity. Situated on 2.86acres and within walking distance to Downtown Perry, this centrally located Motel is 55 miles South of the Capital City of Tallahassee via Highway 19, a major connector between Central/ South West Florida and Northwest Florida, 166 miles to Tampa. The Highway 19 corridor is a high traffic route, chosen by Florida tourists and corporate travelers alike. With a total of 3 buildings, including an office, this hospitality property offers plenty of space for a successful business. Building one 4,715 SF, building two 4,723 SF and building three (located at the West end of the property) features 1,728 SF. Commercial zoning. Annual taxes for 2023 $8,621.26 NOI information will be provided to qualified buyers. Well qualified buyers may request an in-person tour. Perfect opportunity to invest in a Vintage Florida property!

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$131 USD /SF

# OF ROOMS

22

PRICE/ROOM

$71,591 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westgate Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

43

LAND DETAILS

LAND ACRES

11 AC

LAND SF

479,160 SF

ZONING

C

APN/PARCEL ID

26-04-07-05166-000

ASK ABOUT THIS PROPERTY

Sarah ScottColdwell Banker HartungMore Info
850-386-6160

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Sarah ScottColdwell Banker HartungMore Info
850-386-6160

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.