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South Beach Place 1705 Ocean Dr 18 Room Hotel Vero Beach, FL 32963 $6,253,650 CAD ($347,425 CAD/Room)
Executive Summary
Prime Opportunity in Prime location. Motel is located across the street from Public Beach access. Time and money has been invested in this Motel to make it perform like a well oiled Machine. There have been many meticulous upgrades to each unit to bring out the beach feel for valued Guests. A new roof, Upgraded Main Electric panel, updated Billing system and other upgrades help the Staff operate efficiently with out needing the owner to be present. 19 units with 1 unit being used for on site staffer for assistance to operate at all hours. Owner financing available for qualified buyers.
Property Facts
| Price | $6,253,650 CAD | Building Size | 8,734 SF |
| Price Per Room | $347,425 CAD | No. Rooms | 18 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1956 |
| Property Subtype | Hotel | Parking Ratio | 2.06/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.55 AC | ||
| Zoning | RM-10 | ||
| Price | $6,253,650 CAD |
| Price Per Room | $347,425 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 8,734 SF |
| No. Rooms | 18 |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 2.06/1,000 SF |
| Corridor | Exterior |
| Zoning | RM-10 |
Amenities
- Balcony
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 18 | $289.06 CAD | - |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 33-40-05-00009-0030-00018.0 | Improvements Assessment | $1,112,855 CAD |
| Land Assessment | $832,660 CAD | Total Assessment | $1,945,515 CAD |
Property Taxes
Parcel Number
33-40-05-00009-0030-00018.0
Land Assessment
$832,660 CAD
Improvements Assessment
$1,112,855 CAD
Total Assessment
$1,945,515 CAD
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South Beach Place | 1705 Ocean Dr
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