1702 1/2 HWY 92 W

Hospitality for Sale
Catylist Listing ID: 30771440
Property Subtypes: Motel
Number of Units: 14 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Sale Price: $1,750,000 - 2,000,000
Unit Price: $125,000 Per Unit
Property Use Type: Business
Name of Establishment: Lake Foster Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/3/2021

Overview / Comments

Wow! Fantastic investment opportunity Classic lake front Motel right on Highway 92 W in Beautiful Auburndale, It's 13 room motel suites has a great occupancy history and has been a fixture of Auburndale and the main highway since the 1950s. It has a great street presence and the grounds have been well maintained. also an added bonus is the 3,195 sqft house which is accessible through a private drive way at the Motel and is also part of this total transaction, both are Lakefront.

Additional Details

Nearest MSA: Lakeland-Winter Haven
County: Polk
Submarket/Township: Auburndale - Lake Alfred
Tax ID/APN: 252809000000021020
Zoning: XX
Property Condition: Good
Laundry: Shared
Legal Description: E 7.5 AC OF NE1/4 OF SE1/4 LYING N OF US HWY 92 R/W LESS BEG 370.26 FT N OF SE COR OF NE1/4 OF SE1/4 RUN S 84 DEG 34 MIN 34 SEC W 74.96 FT N 34 DEG 08 MIN 03 SEC W 57.69 FT N 88 DEG 26 MIN W 38.96 FT N 530.21 FT M/L ELY ALONG LK TO E LINE OF SEC S 502 FT M/L TO POB

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,784 37,869 65,801
Median Age: 39.01 39.01 42.24
Households: 1,098 14,032 25,885
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