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: 11/25/2018

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

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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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