$2,124,999
$2,349,999
9.6%For more information regarding the value of a property, please contact us for a free consultation.
8010 W Highway 98 Port St. Joe, FL 32456
2.73 Acres Lot
Key Details
Sold Price $2,124,999
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Subdivision No Named Subdivision
MLS Listing ID 736346
Sold Date 06/26/23
HOA Y/N No
Year Built 1959
Lot Size 2.730 Acres
Acres 2.73
Property Description
**PLEASE READ IN ENTIRETY** MOTEL ONLY SALE. ANNUAL GROSS IS $340,000-$350,000. OWNER FINANCING POSSIBILITY WITH $600,000 DOWN AND 1 YEAR BALLOON, OR $750,000 DOWN AND 2 YEAR BALLOON. 15 RENOVATED UNITS PLUS A 1BD, 2BA 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 1 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.
Location
State FL
County Gulf
Community Laundry Facilities
Area 07 - Gulf County
Interior
Heating Central, Electric
Cooling Central Air, Electric, Window Unit(s), WallWindow Unit(s)
Fireplace No
Exterior
Community Features Laundry Facilities
Waterfront No
Roof Type Shingle
Building
Entry Level One
Level or Stories One
Additional Building Living Quarters
Others
Tax ID 03973-055R
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Financing Seller Financing
Special Listing Condition Listed As-Is
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Bought with RE/MAX Freedom