Gandy Motor Lodge

Hospitality for Sale
Catylist Listing ID: 30806696
Property Subtypes: Motel
Number of Units: 36 Units
Building Size (RSF): 12,821 SF
Gross Building Area: See Agent
Gross Land Area: 2.95 Acres
Sale Price: $1,450,000
Unit Price: $40,277.78 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 6/30/2022

Overview / Comments

Main thoroughfare - US 98 - great location. 36 Unit motel on nearly 3 acres of land. Center building with lobby/front desk - 1 bedroom owners unit directly behind and connected to front desk. There is a pool but it has been closed since covid (not warranted). 432' of highway frontage.

Additional Details

Nearest MSA: Tallahassee
County: Taylor
Tax ID/APN: 05762-000
Retail Clientele: General, Business, Traveler, Tourist
Property Visibility: Good
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1955
Year Renovated: 1982
Construction/Siding: Block
Total Parking Spaces: 52
Parking Type: Surface
Lot Frontage: 432'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,091 8,272 11,960
Median Age: 35.17 39.27 40.23
Households: 780 3,244 4,726


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