1627 S Byron Butler Pkwy - Hospitality FOR SALE


Perry, FL 32348
$1,575,000 USD
1627 S Byron Butler Pkwy, Perry, FL for Sale
$1,575,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

1627 S Byron Butler Pkwy
Perry, FL 32348


HIGHLIGHTS

  • 1950 vintage Florida motel and campground on an 11-acre lot.
  • Property is passed by 11,200 daily drivers via Hampton Springs Avenue: a popular tourists route.
  • Close proximity to downtown Perry, and walking distance to shops and restaurants.

OVERVIEW

*Owners are now offering partial financing with 35% down upon closing.* 1954 Vintage Florida Motel located at the corner of Historic Highway 19 and Main Street intersection, in the City of Perry. Old Florida charm and a prime location with daily traffic count of 10,625 for HWY 19 directly in front of this 33 room Motel make this gem a savvy investment opportunity. Situated on 2.86acres and within walking distance to Downtown Perry, this centrally located Motel is 55 miles South of the Capital City of Tallahassee via Highway 19, a major connector between Central/ South West Florida and Northwest Florida, 166 miles to Tampa. The Highway 19 corridor is a high traffic route, chosen by Florida tourists and corporate travelers alike. With a total of 3 buildings, including an office, this hospitality property offers plenty of space for a successful business. Building one 4,715 SF, building two 4,723 SF and building three (located at the West end of the property) features 1,728 SF. Commercial zoning. Annual taxes for 2023 $8,621.26 NOI information will be provided to qualified buyers. Well qualified buyers may request an in-person tour. Perfect opportunity to invest in a Vintage Florida property!

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$131 USD /SF

# OF ROOMS

22

PRICE/ROOM

$71,591 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westgate Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

43

LAND DETAILS

LAND ACRES

11 AC

LAND SF

479,160 SF

ZONING

C

APN/PARCEL ID

26-04-07-05166-000

ASK ABOUT THIS PROPERTY

Research In ProgressResearch In ProgressMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Research In ProgressResearch In ProgressMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.