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189 CR 491, Lake Panasoffkee, FL

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189 CR 491

Lake Panasoffkee, FL 33538

Property Type:Hospitality Number of Rooms:10 Status:Existing Year Built:-
Stories:1 Building Size:2,000 SF Land Area:1.36 AC (59,242 SF)
For Sale Price:$374,000 Price/Room:$37,400 Cap Rate:-


Sale Notes:
10 room Mom & Pop Motel with 5,000 sq ft barn/shop used currently as a boat repair shop. Detached 2004 modular office - 864 sq ft. Motel built in 1983, shop was built in 1985. Property fronts I-75 which is currently under construction. The exit ramp at this location - exit #321 - is being rebuilt. Hotel rooms offer the perfect accommodations for workers who are from out of town and need someplace budget friendly to stay during the work week. Weekend fishermen will find it conveniently located to nearby Lake Panasoffkee. Cash COW! Current owner will lease back for one year at $7,000 per month or move off. Property also has a Billboard with a year to year lease at $900/year. Seller is motivated and looking for a quick sale - bring offer.
Fronts I-75. Exit 321 - Hwy. 470.

Smith & Smith Realty, Inc.
Danny Smith
(352) 748-5656

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