$2,124,999
Port St. Joe, FL 32456
MLS# 736346
Status: Sold
8717 sqft
1 / 20
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.
Details
Maps
Contract Info
List Date: 2023-01-12
List Price: $2,349,999
List Price/SqFt: 269.59
Current Price: $2,124,999
Sub-Type: Hotel/Motel
Location
Area: 07 - Gulf County
Street #: 8010
Street Direction: W
Street Name: Highway 98
State: FL
Zip Code: 32456
County: Gulf
Sub Area: 0702 - Gulf County - St. Joe Beach
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 03973-055R
Directions: HWY 98 EAST TO MEXICO BEACH AND THE FORGOTTEN COAST INN WILL BE ON THE LEFT
Legal Description: S 5 T 7 R 11 370 FT US 98 FRONT; 332 DEPTH ORB 192/25 FR CRAWFORD MAP# 17A
General Property Info
List Class: Motel/Hotel
Construction Status: Construction Complete
Acreage: 2.73
Frontage Ft: 370
SqFt Tot Bldg: 8717
Year Built: 1959
Status Change Info
Status: Sold
Under Contract Date: 2023-04-22
Sold Date: 2023-06-26
Sold Price: $2,124,999
Sold Price/SqFt: 243.78
Sold Price/Acre: 778387.91
Land
Property Type: Commercial
Property Features
Energy: AC - Central Elect; AC - Window/Wall; Heat - Central Electric; Storm Windows
Financing: Cash; Conventional; Seller Financing
Offering Type: Real Estate; Sale Only
Pricing Type: Sale Price
Present Zoning: Commercial; Resort
Sale Type: As Is
Listing Office: RE/MAX SELECT Partners
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.