Bought with STILLWATER COMPANIES REALTY
$2,650,000
$3,000,000
11.7%For more information regarding the value of a property, please contact us for a free consultation.
2,894 SqFt
SOLD DATE : 07/01/2020
Key Details
Sold Price $2,650,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 2,894 sqft
Price per Sqft $915
MLS Listing ID O5844943
Sold Date 07/01/20
HOA Y/N No
Year Built 1953
Annual Tax Amount $30,905
Lot Size 1.020 Acres
Acres 1.02
Property Sub-Type Hotel/Motel
Source Stellar MLS
Property Description
Bank owned 23 unit motel with a nearby residential duplex operated as part of the motel for a total of 25 units. Nice condition located in the heart of Marathon, FL. Property is actively operational under management company and produces cash flow with historical high occupancy and repeat business. Minor deferred maintenance and recent new roofs on buildings.
Location
State FL
County Monroe
Area 33050 - Marathon
Interior
Cooling Wall/Window Unit(s)
Building
Story 1
Foundation Slab
Lot Size Range One + to Two Acres
Structure Type Block
New Construction false
Others
Ownership Corporation
Special Listing Condition Real Estate Owned
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