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2003 14th Avenue W

Bradenton, FL 34205
  • $1,650,000
  • STATUS: Active
  • ON SITE: 45 Days
  • MLS #: U8233705
$1,650,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,885
    SQFT
  • $338
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1946
County:
Area:

School Ratings & Info

Description

This is an amazing and rare business opportunity. Proven money maker with the same owner since 1996 (27 years). The Florida Bound Motel is a 19 unit motel. There are 18 rentable units treated as an extended stay multifamily property and 1 onsite manager's apartment. There is an attached family take-out restaurant which has outdoor seating. The restaurant is rented out to the same established restaurant owner for the last 6 years. The zoning is C-3. The current owner maintains a Motel License, Restaurant License and Merchandising License. This owner operator has a smooth profitable operation that is turnkey. Many guests stay long term. New owners can transition easily as an owner-operator or hire an onsite manager or couple to take care of the day to day business. Property has high occupancy and usually maintains a waiting list. Guests tend to stay longer than planned due to all the conveniences (clean property, centrally located to nearby restaurants, supermarkets, bus routes and the downtown area.) New owner can take over this business with little effort at same levels or supercharge the profits by operating a nightly guest stay operation (current comps in that area is $500 a week per unit). SELLER FINANCING TERMS are available for a qualified buyer.

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-04-20T19:45:16.807.
www.thefennigteam.com/homes/148335604
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2003 14th Avenue W Bradenton, FL 34205

  • Price: $1,650,000
  • Status: Active
  • On Site: 45 Days
  • MLS #: U8233705
0
Beds
0
Baths
0
½ Baths
0.28
Acres
4,885
SQFT
$338
$/SQFT
1946
Built
Neighborhood:
Edgewood
County:
Manatee
Area:
Bradenton
Property Description
This is an amazing and rare business opportunity. Proven money maker with the same owner since 1996 (27 years). The Florida Bound Motel is a 19 unit motel. There are 18 rentable units treated as an extended stay multifamily property and 1 onsite manager's apartment. There is an attached family take-out restaurant which has outdoor seating. The restaurant is rented out to the same established restaurant owner for the last 6 years. The zoning is C-3. The current owner maintains a Motel License, Restaurant License and Merchandising License. This owner operator has a smooth profitable operation that is turnkey. Many guests stay long term. New owners can transition easily as an owner-operator or hire an onsite manager or couple to take care of the day to day business. Property has high occupancy and usually maintains a waiting list. Guests tend to stay longer than planned due to all the conveniences (clean property, centrally located to nearby restaurants, supermarkets, bus routes and the downtown area.) New owner can take over this business with little effort at same levels or supercharge the profits by operating a nightly guest stay operation (current comps in that area is $500 a week per unit). SELLER FINANCING TERMS are available for a qualified buyer.
Exterior Features

Adjoining Property Commercial Construction Materials Block Foundation Details Slab Lot Features Central Business DistrictCurb and GuttersCity LotNear Public TransitSidewalkStreet Lights Lot Size Dimensions 50 x 120 Road Frontage Type Street LightsStreet PavedBusiness DistrictHighway Road Surface Type PavedAsphalt Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Accessibility Features Accessible Approach with RampAccessible BedroomAccessible EntranceAccessible Full BathAccessible Central Living Area Building Area Total 6106 Cooling Wall/Window Unit(s) Cooling YN Yes Flooring Ceramic Tile Heating Other Heating YN Yes Sewer Public Sewer Water Source Public Window Features Window Treatments

Property Features

Community Features Activity Core/CenterCurbsSidewalks Condo Environment Yn No Flood Zone Code AE New Construction Yn No Ownership Corporation Property Condition Completed Property Sub Type Hotel/Motel Security Features Key Card EntrySecurity LightsSmoke Detector(s) Special Listing Conditions None Tax Annual Amount 5913.7 Total Annual Fees 0 Total Monthly Fees 0 Utilities BB/HS Internet CapableElectricity AvailablePublicWater Connected Zoning C3


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of CMAX REALTY INC.: 813-200-3939.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-04-20T19:45:16.807.
 
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