Motel on Popular Tourist Beach For Sale

Business description

This location is a "Sleeper" - literally! Being sold for "APPRAISED VALUE OF PROPERTY ONLY"! This property is a wise investment, in a very pouplar beach town, that is growing! Big things going on in the area, with new bridge, highways, and port coming to the area. This property is for someone with vision - motel sits on 11 lots, which could be sub-divided. Location is prime for the future! Pictures available upon request.

Property information

Real Estate:

Real Property Included

Lease terms:

The property is being sole for the APPRAISED VALUE OF THE
LAND!

Location:

Clean Motel with 17 rooms, and 2 (two) bedroom apartments, located on 11 lots. 200 foot of road frontage, and 117 feet deep. Land, building, and business being sold for Appraised Value.

Other information

Expansion potential:

Additional rooms could be built on the property, a second and third floor! Website and marketing to tourists would also increase occupancy. Current owner does no marketing.

Competition / Market:

There are a couple of other motels within the area, however, the demand for this type of lodging, exceeds supply during the peak tourist season.

Support & training:

Seller is wiling to provide thorough training, to insure a smooth transition for the Buyer.

Reasons for selling:

Retirement

Financing available:

SBA Loan available to qualified buyer with 20% down.

Contact the seller