Cole's Lodge (name does not convey with sale)

Hospitality for Sale
Catylist Listing ID: 30803627
Property Subtypes: Inn, Motel, Vacation Rental(s), Other
Number of Units: 8 Units
Building Size (RSF): 3,240 SF
Gross Building Area: See Agent
Gross Land Area: 0.64 Acres
Sale Price: $1,100,000
Unit Price: $137,500 Per Unit
Property Use Type: Investment
Name of Establishment: Cole's Lodge (name does not convey with sale)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/30/2022

Overview / Comments

Updated lodge situated on over 1/2 acre. 8 units nicely remodeled. Currently set up with Air B&B. 3 units offer full kitchens, 5 with kitchenettes (mini-fridge, microwave, etc). All units with tile floors, mini-split A/C, and newer furniture. On-site laundry, 2 RV spaces (one is 50 amp and one is 30 amp both with septic hookups). Covered outdoor patio with tables, fish station with dual sinks, and grill. This is 2 parcels for a total of .64 acres. All types of hunting and fishing in the area. Less than 1 mile to the marina and boat launch, 3 miles to the public beach. 1-hour drive from Tallahassee. Name of the lodge does not convey with sale.

Additional Details

Nearest MSA: Tallahassee
County: Franklin
Submarket Type: Other
Tax ID/APN: 29-07S-04W-4200-0024-0150
Retail Clientele: General, Family, Traveler, Tourist, Recreation
Property Visibility: Excellent
Area Description: Fishing and hunting of all types in area
Nearby Attractions: Carrabelle Riverwalk, local marina and public beach
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Construction/Siding: Wood Frame
Parking Type: Surface
Laundry: Shared
Heat Type: Other
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 5 miles
Total Population: 2,760
Median Age: 38.86
Households: 608

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