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30927529
30927555

2 Locations

JW
FL CQ1045719
Marlin Realty Group
Listed by Marlin Realty Group
$4,500,000
63 days on market
Updated 63 days ago

Ocean Mist Motel & Commercial Shopping Center/ Apartments

Details
Property Type Hospitality, Multifamily (+1)
Sub Type Apartment Building, Motel (+1)
Units 32
Pro-Forma Cap Rate 9.58%
Pro-Forma NOI $431,074
Year Renovated 2025
Buildings 2
Stories 2

Hospitality and Commercial Building w/ Lux Apartments

Marketing description

Package deal….Oceanfront Motel (20 units) & Commercial Building (6 commercial units on 1st floor) and Luxury Renovated apartments (6 Residential Apartments) on 2nd Floor with all having ocean views. Luxury Apartment configuration; (1 unit) 3 bed/1 bath, (2 units) 2 bed/1 bath, (3 units) 1 bed/1bath. These apartments were just recently renovated with new kitchens, bathrooms, wind rated windows with turtle glare glass, new central heat/air conditioning units (HVAC) new appliances etc. On 1st floor there are 6 commercial spaces that include the Surf Shop, barbershop, Yoga Studio, massage parlor, new coffee shop going into corner unit and a unit were Chupa Pops formally occupied. Next Door you have a 20 unit motel that is in good condition with a mix of longer term guests and folks on vacation. The motel has a retro feel to it as it is nice and quiet as one of the long term guest was occupying the corner unit while writing her book. Plenty of parking as 24 parking spaces were counted. Possibility of financing failitated for buyer if requested. This contiguous properties goes from block to block and also includes land across the street located between the road and the ocean. See Survey for more in depth detail. As Always, all information to be verified by potential buyer during due diligence. Great on site motel mgr/maintenace guy that lives on property.

Investment highlights

20 units motel and Commercial shopping center with luxury apartments Directly Across from ocean

Listing Contacts

JW
FL CQ1045719
Marlin Realty Group
Listed by Marlin Realty Group

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Additional Information

Name
Jeff Weinert
License
CQ1045719
Brokerage
Marlin Realty Group
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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