UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Lodging and Hospitality: Economy/Limited Service,Multi-Family: 5+ Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225049633
Year Built 1999
Annual Tax Amount $22,093
Tax Year 2024
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Lodging and Hospitality: Economy/Limited Service,Multi-Family: 5+ Units
Source Florida Gulf Coast
Property Description
Asking Price: $4,500,000 / Projected NOI (Year 1): $311,500 (Financial Overview and Proformas available upon request / Pro Forma Cap Rate: 6.9% / Revenue Potential: $550,000+ annually at 70% occupancy / ADR Growth: $180 - $210 projected over 5 years / Expansion Potential: Opportunity to add RV spots or tiny homes in the gravel area along the canal / convert laundry/office space to additional guest accommodations or amenities. Potential additional revenue streams include event hosting, day passes, boutique retail store, kayak rentals, bike rentals, jet ski rentals - please contact your Agent for additional detailed floor plans, unit information and financials. All the work has been done and ready for a new owner!
Location
State FL
County Lee
Area Pi03 - Matlacha
Zoning RM-2
Interior
Inclusions Building And Land, Business, Equipment, Fixtures, Furniture, Inventory, Trade Name
Exterior
Utilities Available Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Trash Removal, Water Available
Waterfront Description Bay,Seawall
Total Parking Spaces 13
Private Pool No
Building
New Construction No
Others
Tax ID 13-44-22-01-00001.0180
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