Preferred Properties – Listing Details


Listing IDA4503784
Price$1,899,995$4
StatusActive
SqFt 6,106
Acres 0.280
CountyManatee
SubdivisionEdgewood
Year Built1946
Property TypeCommercial Sale
Property Sub TypeHotel/Motel
Awesome business opportunity. Proven money maker with the same owner since 1996 (25 years). The Florida Bound Motel is a 19 unit motel. There are 18 rent able units treated as an extended stay multifamily property and 1 onsite family take-out restaurant which has outdoor seating. The restaurant is rented out to the same established restaurant owner for the last 4 years. One of the units can be used for an owner/operator or used as a manager's apartment. The zoning is C-3 . The current owner maintains a Motel License, Restaurant License and Merchandising License. This owner operator has a smooth profitable operation that is turnkey. Many guests stay long term. New owners can transition easily as an owner-operator or hire an onsite manager or couple to take care of the day to day business. Property has high occupancy and usually maintains a waiting list. Guests tend to stay longer then planned due to all the conveniences (clean property, centrally located to nearby restaurants, supermarkets, bus routes and the downtown area. New owner can take over this business with little effort at same levels or supercharge the profits by operating a nightly guest stay operation. Income and expense sheets available upon request. Owner is willing to help someone get started in the business or help during the transition. Drive by only please do not bother guests.
Listing information courtesy of Rosebay International Inc.

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Bri Hays

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Sarasota, FL 34243
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