$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 Price/SqFt: 269.59
List Date: 2023-01-12
List Price: $2,349,999
Current Price: $2,124,999
Sub-Type: Hotel/Motel
Location
Sub Area: 0702 - Gulf County - St. Joe Beach
Community/Resort: None
Waterfront: No
Directions: HWY 98 EAST TO MEXICO BEACH AND THE FORGOTTEN COAST INN WILL BE ON THE LEFT
Area: 07 - Gulf County
Street #: 8010
Street Direction: W
Street Name: Highway 98
State: FL
Zip Code: 32456
County: Gulf
Subdivision: No Named Subdivision
Parcel ID: 03973-055R
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
Acreage: 2.73
Construction Status: Construction Complete
Frontage Ft: 370
SqFt Tot Bldg: 8717
Year Built: 1959
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: **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.
Status Change Info
Sold Price/SqFt: 243.78
Sold Price/Acre: 778387.91
Status: Sold
Under Contract Date: 2023-04-22
Sold Date: 2023-06-26
Sold Price: $2,124,999
Construction/Siding
Block: 1
Concrete: 1
Roof - Shingle/Shake: 1
Energy
AC - Central Elect: 1
AC - Window/Wall: 1
Heat - Central Electric: 1
Storm Windows: 1
Financing
Cash: 1
Conventional: 1
Seller Financing: 1
Present Zoning
Commercial: 1
Resort: 1
Association Amenities
Laundry: 1
Sale Type
As Is: 1
Business/Property
Freestanding Building: 1
Furnished - All: 1
Laundry Facilities: 1
Living Quarters: 1
Office Area: 1
Restrooms - Private: 1
Restrooms - Public: 1
Floors in Unit/Home
One: 1
Heating/Cooling
AC - Window Unit(s): 1
Hotel/Motel
Year Built: 1966
Actual Gross Income: 360000
Land
Property Type: Commercial
Offering Type
Real Estate: 1
Sale Only: 1
Pricing Type
Sale Price: 1
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.