16460 US Route 19 Salem, FL 32356

$549,900

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16460 US Route 19 Salem, FL 32356
 

  This 1950's Mom & Pop motel has been brought back alive with extensive renovation's and improvements

 

12 ROOMS + OFFICE ON 2.15 ACRES OF COMMERCIAL LAND

 

The property features : NEW metal roof, Fully remodeled rooms, NEW commercial Carpet, New Windows and Doors throughout NEW asphalt parking lot, NEW electric panels, NEW electric meters, NEW well pump system, Renovated 50's Road Sign, NEW remote office, New Lighting & Fixtures, New Power Pole Setup, Massive Landscaping & Tree Removal, and the list goes on and on........  

 

 

  • Zoning : Motel - Low Rise / potential for more units 

  • Units : 12 (Room + Bath with shower/tubs)

  • Square feet under roof : 4687

  • Square feet heat/cool : 3665

  • Cooling / Heating : Wall Units

  • Exterior material : Block

  • Interior material : Drywall & Textured Block

 

 

 

ALL REPAIRS AND UPGRADES WERE PERMITTED AND INSPECTED BY TAYLOR COUNTY BUILDING DEPT.  

Property is sold with free and clear marketable title and closing shall take place at a Florida Based title company.

 

Motel license will be available for transfer upon closing of property !!! 

Profitability of Motel

This quiet country town is located on a busy US-19 along the route of people entering and exiting Tallahassee or any other North Florida Travel. 

 

The property can be used as a nightly motel but, from extensive research we feel the property is best utilized as a Weekly or Monthly based rental !!!

 

We still recommend maintaining a motel license to allow for immediate delinquent tenant removal without evictions.

 

Perry the closest neighboring town sees average weekly rentals between $275-350 per week for similar type properties and $950-1100 per month.

 

Even on the low end of figures this property has a large potential Gross revenue with little to no overhead. 

 

12 Rooms x $275 week x 52 weeks = $171,600 Year with Full occupancy

 

80-90% Annual Occupancy average x $171,600 = $137,280 to $154,440 Gross Revenue

Owner Finance Options Available

or Cash Price Discount to Serious Buyers!

 

813-365-1779