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27-Rm Motel With Restaurant For Sale! 16872 SE Highway 19

25 Room Hotel Cross City, FL 32628 $2,500,000 ($100,000/Room) 5.74% Cap Rate

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Investment Highlights

TURN-KEY OPERATION! NO CAPX
NEW PLUMBING INSTALLED

ROOF: 2 YEARS OLD

Executive Summary

This offering includes the Carriage Inn 25-RM motel. There are 27 units and 2 apartment units for an owner occupant/manager, or rental units. This property also includes a 4896 SF “leased” full-service restaurant bringing in a steady annual income. The motel has a steady amount of business maintaining an average 70% occupancy.
The owner is located too far away from this motel and is no longer interested in running it.
This offering include:
• 1.44-acres
• 25-Unit, 2-Story Motel 12,016SF (24 Rental Units Plus 1 Apartment)
• Built/Renovated: 1961/2020
• Roof: 2 Years Old – New Plumbing
• Restaurant (4896 SF) Built/Renovated: 1961/1991
• In-Ground Pool
• Parking: 50+/-
• AADT: 20,313

• Average Annual Occupancy: 70%
• Current Gross Revenue: $273,783 (Room Rental)
• Restaurant Lease: $25,680/an (Year-to-Year Lease)
• Total Gross Revenue: $299,463 (2023)
• Current NOI: $143,572 (2023)

Carriage Inn Motel Report

Financial Summary (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	$99,999	$9.99
Vacancy Loss	$99,999	$9.99
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	$99,999
Annual Per SF	$9.99

Vacancy Loss
Annual	$99,999
Annual Per SF	$9.99

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	$2,500,000	Building Size	29,909 SF
Price Per Room	$100,000	No. Rooms	25
Sale Type	Investment	No. Stories	2
Cap Rate	5.74%	Year Built/Renovated	1961/2021
Property Type	Hospitality	Tenancy	Single
Property Subtype	Hotel	Parking Ratio	4.53/1,000 SF
Building Class	C	Corridor	Exterior
Lot Size	1.44 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$2,500,000
Price Per Room	$100,000
Sale Type	Investment
Cap Rate	5.74%
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	1.44 AC
Building Size	29,909 SF
No. Rooms	25
No. Stories	2
Year Built/Renovated	1961/2021
Tenancy	Single
Parking Ratio	4.53/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.