8010 Hwy 98 W
Mexico Beach, FL 32456
$2,349,999
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16 Beds
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17 Baths
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6,100 SqFt
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**Please read in entirety** Motel only sale. Annual gross is $340,000-$350,000. Owner financing possibility with $600,000 down and a one-year balloon or $750,000 down and a two year balloon. 15 renovated units plus a one bedroom, two bath, 1300 square-foot owner/manager living area with full kitchen, living room, and pantry. Motel and adjacent vacant lot selling for $3,499,000(owner financing only option for motel and land combined is with $900,000 and a one year balloon) giving a combined 2.7 acres. Motel was completely renovated from studs to rafters after Hurricane Michael. All rooms are newly furnished. Lobby has a managers office, full laundry room, soda and vending/ice machine. All information is approximate and should be verified by buyers if important.
- Price:
- $2,349,999
- Bedrooms:
- 16
- Full Baths:
- 17
- Square Footage:
- 6,100
- Acreage:
- 2.73
- Year Built:
- 1966
- MLS #:
- 313107
- Street Address:
- 8010 Hwy 98 W
- City:
- Mexico Beach
- State:
- FL
- Postal Code:
- 32456
- Area:
- Mexico/St. Joe Beach
- Subarea
- St. Joe Beach
- Subdivision:
- No Named Subdivision
- Listing Status:
- For Sale - Active
Building
- Construction Description:
- Block, Concrete, Frame
- Construction Status:
- Construction Complete
- Flooring:
- Laminate, Tile
- Furnished:
- Furnished
- Office Square Footage:
- 1300
- Stories:
- 1
- Total Building Square Footage:
- 6100
- Type Of Roof:
- Shingle
- Year Built:
- 1966
Documents
- Legal:
- S 5 T 7 R 11 370 Ft Us 98 Front 332 Depth Orb 660/
937 Fr Bhakta Map 17 A And S 5 T 7 R 11 1.62 Ac M/ L Being Jayesh M Bhakta Minor Replat Orb 549/ 3211 Orb 660/ 937 Fr Bhakta Map 17 A
Land
- Conforms To Zoning:
- Business, Commercial, Mixed Use, Office/
Professional
Listing
- Days On Market:
- 62
- Excluded:
- Owners Personal Belongings
- Included In Sale:
- All Furniture And Furnishings To Include Electronics
Location
- Building Name:
- Forgotten Coast Inn
- Subdivision:
- No Named Subdivision
Systems
- Cooling System:
- Central Electric, Window/
Wall
- Energy Description:
- Double Paned Window(s), Insulated Window(s), Storm Window(s)
- Existing Water:
- Public
- Heating:
- Hvac
- Sewage Type:
- Septic Tank
Water
- Water Access Type:
- Beach Community, Gulf Access
- Water View Description:
- 1
Source
- Listing Provided By Reciprocal Office
