Commercial Sale Property - Hotel/Motel in Bradenton
Listing Price: $1,650,000
Description of Property
This is an amazing and rare business opportunity. Proven money maker with the same owner since 1996 (27 years). The Florida Bound Motel is a 19 unit motel. There are 18 rentable units treated as an extended stay multifamily property and 1 onsite manager's apartment. There is an attached family take-out restaurant which has outdoor seating. The restaurant is rented out to the same established restaurant owner for the last 6 years. The zoning is C-3. The current owner maintains a Motel License, Restaurant License and Merchandising License. This owner operator has a smooth profitable operation that is turnkey. Many guests stay long term. New owners can transition easily as an owner-operator or hire an onsite manager or couple to take care of the day to day business. Property has high occupancy and usually maintains a waiting list. Guests tend to stay longer than planned due to all the conveniences (clean property, centrally located to nearby restaurants, supermarkets, bus routes and the downtown area.) New owner can take over this business with little effort at same levels or supercharge the profits by operating a nightly guest stay operation (current comps in that area is $500 a week per unit). SELLER FINANCING TERMS are available for a qualified buyer.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Hotel/Motel
City: Bradenton
County: Manatee
Subdivision: Edgewood
Sq. Ft. Gross: 6,106
Sq. Ft. Living Area: 4,885
Cost per (heated) sqare foot: $338
Year built: 1946
Annual Tax: $5,914
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances:
Accessibility Features:
- Accessible Approach with Ramp
- Accessible Bedroom
- Accessible Entrance
- Accessible Full Bath
- Accessible Central Living Area
Window Features: Window Treatments
Additional Rooms:
Ceiling Type:
Flooring: Ceramic Tile
Waterfront Info
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
Construction: Block
Foundation: Slab
Roof:
Exterior Features:
Parking Features:
Floors Total:
Floors in Unit:
Cooling: Wall/Window Unit(s)
Heating & Fuel: Other
Electric:
Patio & Porch Features:
Security Features:
- Key Card Entry
- Security Lights
- Smoke Detector(s)
Other Structures:
View:
Fencing:
Utilities:
- BB/HS Internet Capable
- Electricity Available
- Public
- Water Connected
Sewer: Public Sewer
Water Source: Public
Community Features:
- Activity Core/Center
- Curbs
- Sidewalks
Association Amenities:
Lot Information
Lot Features:
- Central Business District
- Curb and Gutters
- City Lot
- Near Public Transit
- Sidewalk
- Street Lights
Lot Size (acres): 0.28
Lot Size (sq. ft.): 12,000 square feet
Lot Dimensions: 50 x 120
Road Frontage: Street Lights, Street Paved, Business District, Highway
Adjoining Property: Commercial
Current Adjacent Use:
Legal Description & Other Information
Parcel Number: 4471400004
Zoning: C3
Tax Legal Desc.: LOTS 7,14 EDGEWOOD PI#44714.0000/4
Listing courtesy of CMAX REALTY INC.. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.