5935 S Highway A1A - Hospitality FOR SALE


Melbourne Beach, FL 32951
$5,200,000 USD
973-979-7979
5935 S Highway A1A, Melbourne Beach, FL for Sale
$5,200,000 USD
Hospitality - FOR SALE
1/48
null | Request Cap Rate

5935 S Highway A1A
Melbourne Beach, FL 32951


OVERVIEW

Nestled along the pristine shores of Melbourne Beach, Florida, this exceptional 10-unit property presents a rare opportunity for investors seeking a prime piece of coastal real estate. Offering breathtaking ocean views, direct beach access, and an ideal location within a vibrant beach community, this property is perfect for short-term vacation rentals, long-term tenants, or as a private retreat. Key Features: Location: Situated just steps from the soft sands of Melbourne Beach, this property enjoys a prime position along the Atlantic coastline. The charming town of Melbourne Beach offers a relaxed, laid-back atmosphere with easy access to shopping, dining, parks, and recreation. The property is also within a short drive to downtown Melbourne and has convenient access to major highways, including Interstate 95, for quick commutes to other parts of Florida. Property Overview: They will come to Escape to the serene shores of Melbourne Beach as you seize the opportunity to transform this prime oceanfront motel and restaurant into a breathtaking, one-of-a-kind resort. Boasting unparalleled views of the Atlantic Ocean, this property offers a unique canvas for renovation, promising a resort experience like no other. Features: Spectacular Ocean Views: Enjoy panoramic vistas of the sparkling Atlantic Ocean, providing a picturesque backdrop for a world-class resort. Ample Accommodation: The motel features a variety of room configurations, providing flexibility for different types of guests—from cozy rooms for couples to spacious suites for families. Restaurant and Lounge: The on-site restaurant and lounge present the perfect opportunity to create a signature dining experience, attracting both guests and locals alike. Expansive Outdoor Spaces: The property includes generous outdoor spaces, ideal for creating lush gardens, a pool area, or oceanfront dining terraces to enhance the overall guest experience. Proximity to Attractions: Conveniently located near popular attractions, this resort has the potential to become a sought-after destination for tourists and locals seeking a luxurious beachfront retreat. Renovation Potential: With a vision for excellence, this property allows for a complete transformation into a premier resort destination. Renovate the motel rooms, modernize the restaurant, and design unique amenities to create an unparalleled guest experience. Investment Opportunity: Seize the chance to capitalize on the growing demand for unique and memorable vacation destinations. This oceanfront property in Melbourne Beach presents a rare opportunity for investors and developers to leave a lasting mark on Florida's hospitality landscape. Key Points to consider when purchasing this Property. 1. 1.53 Acres of land on the oceanside. Currently Largest in Melbourne Beach 2.Huge Value add opportunity to add immediate equity in the property and cash flow. 3.Restaurant on site offers huge potential 4. Appreciation -ask yourself what will it be worth in ten years giving the track history of oceanfront Florida Property. 5. Seller financing available with a reasonable offer. Please call me at 321-313-0249 for your personal showing today! Michael DeAngelo

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$756 USD /SF

# OF ROOMS

9

PRICE/ROOM

$577,778 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Surfcaster Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1958

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

TU-1, County

APN/PARCEL ID

29-38-14-GZ-00004.0-0015.00

ASK ABOUT THIS PROPERTY

Ken DeAngeloSalt Water Realty of BrevardMore Info
973-979-7979

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Ken DeAngeloSalt Water Realty of BrevardMore Info
973-979-7979

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