Active
2003 14TH AVE W
BRADENTON FL, 34205
$1,650,000
$337.77 per sqft
Active
4,885 sqft
Commercial
Built in 1946
This is an amazing and rare business opportunity. Proven money maker with the same owner since 1996 (27 years). The Florida Bound Motel is a 19 unit motel. There are 18 rentable units treated as an extended stay multifamily property and 1 onsite manager's apartment. There is an attached family take-out restaurant which has outdoor seating. The restaurant is rented out to the same established restaurant owner for the last 6 years. The zoning is C-3. The current owner maintains a Motel License, Restaurant License and Merchandising License. This owner operator has a smooth profitable operation that is turnkey. Many guests stay long term. New owners can transition easily as an owner-operator or hire an onsite manager or couple to take care of the day to day business. Property has high occupancy and usually maintains a waiting list. Guests tend to stay longer than planned due to all the conveniences (clean property, centrally located to nearby restaurants, supermarkets, bus routes and the downtown area.) New owner can take over this business with little effort at same levels or supercharge the profits by operating a nightly guest stay operation (current comps in that area is $500 a week per unit). SELLER FINANCING TERMS are available for a qualified buyer.
U8233705
MLSⓇ ID
March 6, 2024
Listed
May 9, 2024
Updated
Map
2003 14TH AVE W
BRADENTON FL, 34205
Interior Features
Floor Description
Ceramic Tile
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.28 Acres
Lot Features
Central Business District, Curb and Gutters, City Limits, Near Public Transit, Sidewalk, Street Lights, Paved
Sewer
Public Sewer
Other Property Details
Area Name
34205 - Bradenton
Taxes
$5,914
Tax Frequency
Annually
Days on Market
1
Garage
No
View
No
County
Manatee
Municipality
34
Water Source
Public
Pool
No
Zoning
C3
Buyer Agency Compensation
1.5%
Listed by CMAX REALTY INC.
Listing Contact: 813-949-0901
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Data last updated 5/9/2024, 7:19 AM UTC