3485 US Highway 1
Mims, FL 32754
OWNER FINANCING AVAILABLE (20% DOWN) · Hospitality Property For Sale · 4,233 SF

Boutique Style Motel situated on 0.98 acres with unique artistic features on the exterior and interior (easily painted over if you want a normalized appearance). This motel has 8 units, each with their own kitchenettes, WiFi, and cable. The owner combined two previous units into a 2 bed / 1 bath managers suite reducing the total units from 10 down to 8. This can be re-divided back into 10 units to increase revenue. (NOTE: this motel currently only accepts cash, no debit/credit cards, no online booking presence. This leaves major room for improvement and increased revenue). The motel is positioned on a corner lot with direct US-1 road frontage, it is zoned BU 1 and has vast amounts of unused space both in the front and rear of the building leaving plenty of opportunities for improvements to the land that could increase revenue of the business. ** The roof was brand new at the end of 2016, it was damaged during Hurricane Matthew and the entire roof was replaced. ** Beautiful concrete sign out-front with a smaller electronic sign on too to advertise to travelers passing by the major four lane highway. ** The property can have additional units added as their is no density coverage limit however their is a structural coverage limit at 40% but you can build as many units as you want under TU-1 requirements (62-1511) until that 40% coverage limit is met. ** The property sits on septic has does pretty much 99% of properties in this area along US-1. The septic is perfect working condition. ** Each unit is its own independent studio with full kitchenettes, personal window AC unit, and small water heater. Each kitchen comes complete with a refrigerator, oven, microwave, WiFi, TV, along with other normal furniture.