$510,000
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3485 Highway 1 Mims, FL 32754
3,765 SqFt
Key Details
Sold Price $510,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,765 sqft
Price per Sqft $135
MLS Listing ID 887058
Sold Date 01/28/21
HOA Y/N No
Total Fin. Sqft 3765
Originating Board Space Coast MLS (Space Coast Association of REALTORS®)
Year Built 1959
Annual Tax Amount $2,228
Tax Year 2020
Lot Size 0.980 Acres
Acres 0.98
Property Description
OWNER FINANCING AVAILABLE!
Independently-owned motel with no fees to a hotel chain. This 9 unit motel with 8 rentable units offers rooms that come complete with upgraded WiFi, cable, and kitchenettes which makes it a perfect place to stay for sub-contractors that work out of NASA, Space X, and Blue Origin many of which already stay regularly at the property for weeks and months at a time. The 2 bed / 1 bath managers suite that could be converted back into 2 additional units totaling 10 units. The motel is situated on 0.98 acres and sits on a corner lot with direct US-1 road frontage. The large sign out front is visible during the day and night, and a smaller digital sign has been added to the top of the larger sign for increased advertisement. NOTE: this motel owner currently ONLY accepts cash, no debit/credit cards and no online presence like Expedia; meaning there is MAJOR room for increased revenue.'||chr(10)||''||chr(10)||'This property is zoned BU-1, The zoning commission has said that additional units can be added as their is no density limit, however there is a structural coverage limit which is 40% meaning you can add as many units as you would like until that limit is met. If you build anything new on the property it must be built to the TU-1 standards per code 62-1511'||chr(10)||''||chr(10)||'
Location
State FL
County Brevard
Area 101 - Mims/Scottsmoor
Direction North on Highway 1 from SR 46. Property is on the corner of Irwin.
Interior
Cooling Wall/Window Unit(s)
Flooring Terrazzo, Tile
Appliance Other
Exterior
Exterior Feature ExteriorFeatures
Pool None
Utilities Available Cable Available, Water Available
Roof Type Other
Street Surface Paved
Garage No
Building
Sewer Septic Tank
Water Public
Level or Stories One
Schools
Elementary Schools Pinewood
High Schools Astronaut
Others
Senior Community No
Tax ID 21-35-06-00-00764.0-0000.00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Visulate LLC