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DESCRIPTION

**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.

KEY DETAILS
  • 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
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