$1,500,000
2 ACRE HOTEL/RETAIL DEV SITE ON US-19
Details
Property Type Hospitality, Land
Sub Type Commercial, Motel
NOI $39,537
Acreage 2.000
Zoning GNC
Investment Type Redevelopment
2 Acre Hotel or Retail Redevelopment Site on US-19
Marketing description
Beautiful 2.0-acre site perfect for a retail or hotel redevelopment right on US-19! This site has over 400 feet of frontage on US-19. Currently, a successful 11-unit motel sits on the land, bringing in strong, consistent income thanks to its strong management. This site is located in front of a mobile home park that is soon to be redeveloped into a 180+ unit highincome, Class A RV park.
Investment highlights
This site is perfect for a commercial hotel or retail development, featuring excellent traffic and exposure on US-19, located right next to the Homosassa commercial town center (walking distance). The site already has water, sewer, and electricity tie-ins via the existing motel.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$39,537.00
$3,294.75/mo
Valuation Metrics
0
DSCR
2.64%
Cap Rate
2.64%
ROI
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