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The Patio Motel

$585,000

3485 U.S. 1, Mims, FL 32754

Active
Last Updated: 11/23/2021

3,765 sqft

Building Size

0.98 acres

Lot Area

Details:
Building Size:    3,765 sqft
Lot Area:    0.98 acres
Keys:    9
Average Room Size:    300 sqft
Year Built:    1959
Management:    Unencumbered
Floors:    1
Parking Spots:    9
Roof:    2016
Floor:    Tile
Investment Strategy:    Value Add
Highlights:
  • Owner Financing available with 20% down
  • Potential to increase revenue
Description:

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.

Map:
Location
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