$665,000
$1,200,000
44.6%For more information regarding the value of a property, please contact us for a free consultation.
1527 GEORGE JENKINS BLVD Lakeland, FL 33815
6,166 SqFt
Key Details
Sold Price $665,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 6,166 sqft
Price per Sqft $107
Subdivision Acreage
MLS Listing ID O5918533
Sold Date 10/28/21
Construction Status No Contingency
HOA Y/N No
Year Built 1950
Annual Tax Amount $6,561
Lot Size 1.920 Acres
Acres 1.92
Lot Dimensions 200x310
Property Description
MOTEL PORTFOLIO (2 Motels for Sale)
Great Investment Opportunity!
Owner users and Investors will love the occupancy rate of this property.
Located minutes from I-4, between Tampa and Orlando. Property enjoys exposure to major road (George Jenkins Blvd) with over 16,000 cars daily, and a short distance to Bonnet Springs Park with major construction under way
Property is to be sold as part of portfolio of two properties. Other property is Sonny's Motel, located in Haines City (35 Hwy 17-92 N, Haines City, FL 33844)
Price for both is $1.2M
Cap rate : 10%
Enjoy a steady revenue or redevelop both parcels, the options are limitless.
Location
State FL
County Polk
Community Acreage
Zoning C-2
Interior
Cooling Office Only, Wall/Window Unit(s)
Exterior
Waterfront false
Building
Story 1
Foundation Slab
Lot Size Range 1 to less than 2
Structure Type Block
New Construction false
Construction Status No Contingency
Others
Ownership Corporation
Special Listing Condition None
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Bought with REALTY ONE GROUP SKYLINE