Seller Financing
Address
3485 US HIGHWAY 1 Mims, FL
Price
$ 585,000
Property Attributes
  • MLS#O5897704
  • TypePending
  • CountyBREVARD
  • CityMims
  • AreaMims
  • NeighborhoodPine Grove Park
  • Zip32754
  • StyleHotel/Motel
  • Year Built1959
  • Taxes2101
  • Price$ 585,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3765
  • Lot Size0.98 Acres
Listing Provided Courtesy Of:
VISULATE LLC
Property Description

OWNER FINANCING AVAILABLE! Independently-owned motel with no fees to a hotel chain. This 9 unit motel with 8 rentable units offers rooms that come complete with upgraded WiFi, cable, and kitchenettes which makes it a perfect place to stay for sub-contractors that work out of NASA, Space X, and Blue Origin many of which already stay regularly at the property for weeks and months at a time. The 2 bed / 1 bath managers suite that could be converted back into 2 additional units totaling 10 units. The motel is situated on 0.98 acres and sits on a corner lot with direct US-1 road frontage. The large sign out front is visible during the day and night, and a smaller digital sign has been added to the top of the larger sign for increased advertisement. NOTE: this motel owner currently ONLY accepts cash, no debit/credit cards and no online presence like Expedia; meaning there is MAJOR room for increased revenue. This property is zoned BU-1, The zoning commission has said that additional units can be added as their is no density limit, however there is a structural coverage limit which is 40% meaning you can add as many units as you would like until that limit is met. If you build anything new on the property it must be built to the TU-1 standards per code 62-1511

Price History
10/7/2020 Listed $585,000

General Features

Business Type Hotel/Motel
Construction Materials Block
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile
Heating Electric
MLS Area 32754 - Mims
Property SubType Hotel/Motel
Property Type Commercial
Roof Other
Sewer Septic Tank
Special Listing Conditions None
Status Pending
Subdivision Name PINE GROVE PARK
Terms Cash, Conventional, Other
Total Num Buildings 1
Township 21
Utilities Public
Year Built 1959
Zoning BU-1

Interior Features

Numof Hotel Motel Rms 8

Exterior Features

Building Area Total 3765.00
Foundation Details Slab
Lot Features Corner Lot, Rural
Lot Size Acres 0.98
Lot Size Square Feet 42689
Road Frontage Type Divided Highway, Highway, Main Throrughfare

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 32754

Price
AVG $340K
$590K
Taxes
AVG $2,207
$2,101
Visits
AVG 138
5
Year Built
AVG 1990
1959

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