Mims, FL 32754,3485 US HIGHWAY 1
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Mims, FL 32754,3485 US HIGHWAY 1
Mims, FL 32754,3485 US HIGHWAY 1
Mims, FL 32754,3485 US HIGHWAY 1
Mims, FL 32754,3485 US HIGHWAY 1

$510,000

Est. payment /mo

$585,000

12.8%
Est.Price: ?

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3485 US HIGHWAY 1 Mims, FL 32754

3,765 SqFt

SOLD DATE : 01/28/2021

Key Details

Sold Price $510,000

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Sold

Purchase Type For Sale

Square Footage 3,765 sqft

Price per Sqft $135

Subdivision Pine Grove Park

MLS Listing ID O5897704

Sold Date 01/28/21

Construction Status Inspections

HOA Y/N No

Year Built 1959

Annual Tax Amount $2,101

Lot Size 0.980 Acres

Acres 0.98

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

Location

State FL

County Brevard

Community Pine Grove Park

Zoning BU-1

Interior

Heating Electric

Cooling Wall/Window Unit(s)

Flooring Ceramic Tile

Exterior

Utilities Available Public

Waterfront false

Roof Type Other

Building

Lot Description Corner Lot, Rural

Story 1

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Septic Tank

Structure Type Block

New Construction false

Construction Status Inspections

Others

Ownership Sole Proprietor

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition None

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Stellar MLS
Listed by VISULATE LLC
Bought with VISULATE LLC

Stephen Michalakos

Senior Real Estate Advisor | License ID: SL3408427

+1(727) 601-8676

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