Investment Opportunity with US 41 Frontage!
Hospitality
for Sale
| Catylist Listing ID: |
30341950 |
| Property Subtypes: |
Motel
|
| Number of Units: |
13 Units |
| Building Size (RSF): |
6,337 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
28,926 SF
|
| Sale Price: |
$1,450,000 |
| Unit Price: |
$111,538.46 Per Unit |
| Property Use Type: |
Investment |
| Building Name: |
Laurel Villa Motel |
| Name of Establishment: |
Laurel Villa Motel |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/17/2021 |
Overview / Comments
|
Investment opportunity!! Operating Motel located in the desirable area of Nokomis on N Tamiami Trail. The site has over 28,000 s/f of land with ample parking. The subject property is within close proximity to fabulous gulf beaches including Siesta Key beach and Casey Key beach, beautiful golf courses, famed Venice main street shops, desirable Sarasota area, Sarasota Symphony, Theater & Ballet venues and a variety of excellent restaurants in the area. The building was constructed in 1979 with minor updates throughout the years. The subject property has an abundant amount of natural light and has over 208 feet of frontage facing N Tamiami Trail.
|
Additional Details
| Nearest MSA: |
North Port-Sarasota-Bradenton |
| County: |
Sarasota |
| Taxing Authority: |
Public Records |
| Tax ID/APN: |
0165-05-0027 |
| Zoning: |
RMF-3 |
| Property Located Between: |
US 41 and Settlers |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
US 41 |
| Feet of Frontage: |
208 |
| Highway Access: |
I-75 |
| Airports: |
SRQ, Tampa International, Venice Regional |
| Nearby Attractions: |
Casey Key Beach, Siesta Key Beach, Lido Key Beach, Downtown Venice and Downtown Sarasota, St. Armands Circle, Siesta Key Village, Venice Island. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Average |
| Year Built: |
1979 |
| Construction/Siding: |
Stucco |
| Water Recreation: |
Outdoor Pool |
| Parking Type: |
Surface |
| Zoning Description: |
Residential Multi-Family (13-Rmf3) |
| Lot Frontage: |
208 |
| Lot Depth: |
153 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
LOTS 7 & 8 LESS STATE RD R/W IN OR 1277-682 BLK B LAUREL VILLA |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,053 |
24,222 |
57,645 |
| Median Age: |
68.98 |
61.84 |
62.4 |
| Households: |
639 |
12,534 |
29,903 |
|
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