2003 14th AVENUE W, Bradenton, FL, 34205
1946
4,885 sqft
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.
Status:
Active
Type:
Commercial
Complex:
EDGEWOOD
Heating:
Other
Cooling:
Wall/Window Unit(s)
Lot Size:
50 x 120
Acreage:
0.28
Est. Taxes:
$5,914
Construction
Block
Utilities
BB/HS Internet Capable, Electricity Available, Public, Water Connected
Lot Description:
Central Business District, Curb and Gutters, City Lot, Near Public Transit, Sidewalk, Street Lights
Days on Market:
1
MLS #:
U8233705
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of CMAX REALTY INC. Phone: 813-200-3939