Seller Financing
Address
2003 14th AVENUE W, BRADENTON, FL
Price
$ 1,650,000
Property Attributes
- MLS#U8233705
- TypeCommercial
- CountyMANATEE
- CityBRADENTON
- AreaBradenton
- NeighborhoodEdgewood
- Zip34205
- StyleHotel/Motel
- Year Built1946
- Taxes$ 5913
- Price$ 1,650,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4885
- Lot Size12,197 SqFt
Data Source:
Stellar MLS
Property Description
This is an amazing and rare business opportunity. Proven money maker with the same owner since 1996 (27 years). The Florida Bound Motel is a 19 unit motel. There are 18 rentable units treated as an extended stay multifamily property and 1 onsite manager's apartment. There is an attached family take-out restaurant which has outdoor seating. The restaurant is rented out to the same established restaurant owner for the last 6 years. 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 than 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 (current comps in that area is $500 a week per unit). SELLER FINANCING TERMS are available for a qualified buyer.
| Price History | |
|---|---|
| 3/6/2024 | Listed $1,650,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Other |
| Cooling | Wall/Window Unit(s) |
| Utilities | BB/HS Internet Capable,Electricity Available,Public,Water Connected |
| Zoning | C3 |
| Security Features | Key Card Entry,Security Lights,Smoke Detector(s) |
| Construction Materials | Block |
| Year Built | 1946 |
| Property SubType | Hotel/Motel |
| Tax Year | 2023 |
| Percent Ownership | Corporation |
| Community Features | Activity Core/Center,Curbs,Sidewalks |
| Accessibility | Accessible Approach with Ramp,Accessible Bedroom,Accessible Entrance,Accessible Full Bath,Accessible Central Living Area |
| County | Manatee |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | EDGEWOOD |
| Status | Active |
| Directions | Take Tamiami Trail/14th Street to 2003 located on the East Side of the street directly across from the new grocery store. |
| City | BRADENTON |
| Buyer Agent Compensation | 1.5% |
| MLS Area | 34205 - Bradenton |
| Lot Size Square Feet | 12000 |
| Waterfront Y/N | No |
| Street Name | 14th |
| Tax Annual Amount | 5913.7 |
| Property Condition | Completed |
| Public Remarks | This is an amazing and rare business opportunity. Proven money maker with the same owner since 1996 (27 years). The Florida Bound Motel is a 19 unit motel. There are 18 rentable units treated as an e |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/U8233705 |
| Days on Market | 1 |
| Standard Status | Active |
| Tax Lot | 7 |
| Legal Description | LOTS 7,14 EDGEWOOD PI#44714.0000/4 |
| Water Access Y/N | No |
| Water View Y/N | No |
Interior Features
| Flooring | Ceramic Tile |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | Window Treatments |
| Street Suffix | AVENUE |
| LivingAreaSource | Public Records |
| Living Area Units | Square Feet |
Exterior Features
| Lot Features | Central Business District,Curb and Gutters,City Lot,Near Public Transit,Sidewalk,Street Lights |
|---|---|
| Water Source | Public |
| Lot Size Area | 12000 |
| Foundation Details | Slab |
| Number of Buildings | 1 |
| Building Area Total | 6106 |
| Lot Dimensions | 50 x 120 |
| Lot Size Acres | 0.28 |
| Road Surface Type | Paved,Asphalt |
| Lot Size Units | Square Feet |
| Road Frontage Type | Street Lights,Street Paved,Business District,Highway |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 34205
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 11, 2024 4:00 PM UTC
