Description
INVESTMENT HIGHLIGHTS – OWNER FINANCING WITH 30% DOWN
- 8.6 acres of the waterfront hotel property. Owner finance with 30% down.
- Extra land to expand and build. EB5 or Investor Visa.
- Waterfront Bar and 3000 Sq Ft Convention Center. Only Waterfront Hotel on the Lake!
EXECUTIVE SUMMARY
This hotel represents an opportunity for investors to purchase a well-constructed hotel well below replacement cost.
Waterfront Bar with a liquor license and a 3000 Sq Ft convention center for meetings, weddings, etc.
PROPERTY FACTS
Price | $5,900,000 | Building Size | 51,382 SF |
Price Per Room | $72,840 | No. Rooms | 81 |
Sale Type | Investment | No. Stories | 3 |
Property Type | Hospitality | Year Built | 1984 |
Property Subtype | Parking Ratio | 1.98/1,000 SF | |
Building Class | B | Corridor | Interior |
Lot Size | 8.66 AC | Opportunity Zone | No |
AMENITIES
- Laundry Facilities
- Microwave
- Restaurant
- Room Service
- Spa
- Waterfront
- Lounge
- Air Conditioning
ABOUT
81 Keys total in 2 buildings 48 Keys are interior corridor. Located on the well-traveled road to West Palm Beach, this waterfront hotel property on Lake Okeechobee. It has the charm that keeps clients coming back every year. Fishing tournaments, music events, racing, and biking clubs frequent this hotel. Well known and established business clients. You can file for an EB-5 or investor Visa on this property. Days Inn franchise has been on the hotel for 12 months, management run. Further upside for an owner/operator. The owner will consider financing with 30% down.
Property Overview
Price | $ 5,900,000 |
ID | 19 |
Type | Commercial |
Sold | No |
Contract | Sale |
Status | Available |
Home area | 51382 sqft |
Material | Block, Brick |
Rooms | 81 |
Beds | 81 |
Baths | 81 |
Position
Amenities
- Air conditioning
- Balcony
- Bedding
- Cable TV
- Cleaning after exit
- Cofee pot
- Computer
- Cot
- Dishwasher
- DVD
- Fan
- Fridge
- Grill
- Hairdryer
- Heating
- Hi-fi
- Internet
- Iron
- Juicer
- Lift