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DESCRIPTION

***PLEASE TAKE NOTE: SELLERS WILL ONLY ACCEPT CASH DEALS AND POSSIBLE OWNER FINANCING WITH LIMITED TERMS. FINANCED OFFERS WILL NOT BE CONSIDERED...ABSOLUTELY NO EXCEPTIONS*** 15 COMPLETELY REMODELED UNITS PLUS A 1BD 2BA WITH KITCHEN OWNERS APARTMENT. THE ADJACENT VACANT LOT GIVES A COMBINED 2.7 ACRES RIGHT ACROSS FROM THE BEACH. THE DEVELOPMENT POSSIBILITIES ARE ENDLESS!! ANNUAL GROSS INCOME IS $350,000-$360,000. MOTEL WAS COMPLETELY RENOVATED FROM STUDS TO RAFTERS AFTER HURRICANE MICHAEL. ALL ROOMS ARE NEWLY FURNISHED AND THERE IS A 1300 SQ FT 1BD, 2BA OWNERS/MANAGERS LIVING QUARTERS WITH A FULL KITCHEN AND PANTRY PLUS A NICE BACK PATIO. LOBBY HAS A MANAGERS OFFICE, FULL LAUNDRY ROOM SODA AND VENDING MACHINE/ICE MACHINE. ALL INFORMATION IS APPROXIMATE AND SHOULD BE VERIFIED BY BUYERS IF IMPORTANT

KEY DETAILS
  • Price:
  • $3,499,000
  • 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:
  • 1
  • 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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