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Main Street Motel 1923 Avenue D

30 Room Hotel Fort Pierce, FL 34950 $2,800,000 ($93,333/Room)

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Investment Highlights

foot traffic on historic downtown main street
Located in upcoming community in redevelopment area and Opportunity Zone

3 min from downtown 7 min from ocean

Executive Summary

27 room motel with new roof and partial renovations have already taken place and we are still renovating the property fully renovating 6 efficiency rooms. Its 3 Minutes from downtown Fort Pierce and 7 minutes from the beach and inlet. Property hs absentee owner and is mismanaged. LOTS OF ROOM FOR MORE POTENTIAL INCOME.

Financial Summary (Pro forma - 2023)	Annual	Annual Per SF
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$291,300	$38.01

Financial Summary (Pro forma - 2023)

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$291,300
Annual Per SF	$38.01

Property Facts

Price	$2,800,000	Building Size	7,663 SF
Price Per Room	$93,333	No. Rooms	30
Sale Type	Investment	No. Stories	2
Sale Conditions	1031 Exchange Lease Option Deferred Maintenance High Vacancy Property	Year Built/Renovated	1973/2021
Property Type	Hospitality	Parking Ratio	5.22/1,000 SF
Property Subtype	Hotel	Corridor	Exterior
Building Class	C	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.
Lot Size	0.50 AC

Price	$2,800,000
Price Per Room	$93,333
Sale Type	Investment
Sale Conditions	1031 Exchange Lease Option Deferred Maintenance High Vacancy Property
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	0.50 AC
Building Size	7,663 SF
No. Rooms	30
No. Stories	2
Year Built/Renovated	1973/2021
Parking Ratio	5.22/1,000 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.