16872 SE Highway 19 - Hospitality FOR SALE


Cross City, FL 32628
$2,500,000 USD
813-391-1545
16872 SE Highway 19, Cross City, FL for Sale
$2,500,000 USD
Hospitality - FOR SALE
1/25
null | 5.74% Cap Rate

16872 SE Highway 19
Cross City, FL 32628


HIGHLIGHTS

  • TURN-KEY OPERATION! NO CAPX
  • ROOF: 2 YEARS OLD
  • NEW PLUMBING INSTALLED

OVERVIEW

This offering includes the Carriage Inn 25-RM motel. There are 27 units and 2 apartment units for an owner occupant/manager, or rental units. This property also includes a 4896 SF “leased” full-service restaurant bringing in a steady annual income. The motel has a steady amount of business maintaining an average 70% occupancy. The owner is located too far away from this motel and is no longer interested in running it. This offering include: • 1.44-acres • 25-Unit, 2-Story Motel 12,016SF (24 Rental Units Plus 1 Apartment) • Built/Renovated: 1961/2020 • Roof: 2 Years Old – New Plumbing • Restaurant (4896 SF) Built/Renovated: 1961/1991 • In-Ground Pool • Parking: 50+/- • AADT: 20,313 • Average Annual Occupancy: 70% • Current Gross Revenue: $273,783 (Room Rental) • Restaurant Lease: $25,680/an (Year-to-Year Lease) • Total Gross Revenue: $299,463 (2023) • Current NOI: $143,572 (2023)

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$84 USD /SF

# OF ROOMS

25

PRICE/ROOM

$100,000 {currency}

CAP RATE

5.74%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

27-Rm Motel With Restaurant For Sale!

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1961

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

C-2

APN/PARCEL ID

09-10-12-2144-002-40010

ASK ABOUT THIS PROPERTY

Benny SpensieriCRES Corp International, LLCMore Info
813-391-1545

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Benny SpensieriCRES Corp International, LLCMore Info
813-391-1545

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