2803 US Highway 27 S - Hospitality FOR SALE


Sebring, FL 33870
$4,000,000 USD
813-391-1545
2803 US Highway 27 S, Sebring, FL for Sale
$4,000,000 USD
Hospitality - FOR SALE
1/18
null | 8.46% Cap Rate

2803 US Highway 27 S
Sebring, FL 33870


HIGHLIGHTS

  • 25-Rm Motel Plus 17-Unit Apartments
  • Turn-Key Investment with great upside
  • Choice/Wyndham offering $800,000 Key Money to include their franchise
  • Zoning Permits Up To 80-Rm Hotel Development

OVERVIEW

This offering combines three contiguous properties (3.17-aces) that currently has an operating 17-Unit apartment complex and a 25-Rm Motel. The apartment complex is fully occupied almost 100% of the time, with good quality tenants who pay their rent on time. Tenants are offered 6-month to 1-year lease terms.    Currently, there is one vacancy and two evictions that are almost completed. This Property: 17-Units Apartments 2-Buildings (9,672 Htd SF) Laundry Building (currently not in use) 1.26-acres MOL (2 Separate Parcels) 20-/+ Parking Spaces Newer Roof – 3 years old Standing Seam Metal Roof  Note: This apartment complex can be combined with the 25-Rm Budget Inn to make a 42-Rm motel. Also located within “The City on The Circle”, is the 25-Rm Budget Inn Motel. Both the motel and apartment are surrounded by boutique and gallery shopping, fine dining, plenty of golf courses and beautiful parks, to include the famous Highlands Hammock State Park, offering camping, hiking, fishing, bike/horse trails. This Property: 24-Motel Rooms Managers Apartment: 2-Bdrm/2-Bth, Full Kitchen, Living Room w/Fireplace 3-Buildings (8,835 Htd SF) Year Built: 1952 Effective: 1986 1.91-acres MOL 27-/+ Parking Spaces 42,500 AADT Zoning: C-1 Commercial Proposed Development – Combined contiguous properties offer 3.17-Acres MOL for development. C-1 Commercial zoning permits several types of developments. The development of an 80-Rm mid-level hotel is used the attached Investor Report. 80-Hotel Rooms 2-3 Stories/36,000-40,000 SF

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$400 USD /SF

# OF ROOMS

22

PRICE/ROOM

$181,818 {currency}

CAP RATE

8.46%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

25-Rm Motel & 17-Unit Apartments

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1952

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.91 AC

LAND SF

83,243 SF

ZONING

C1

APN/PARCEL ID

S-32-34-29-070-0040-0011

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.