501 N Miramar Avenue, Indialantic, FL 32903
$1,850,000
Property Type:
Commercial Sale
Square Footage:
7,670
Lot Size (sq. ft.):
27,007
Status:
Closed
Current Price:
$1,850,000
List Date:
1/15/2021
Last Modified:
11/02/2024
Description
INVESTOR ALERT!! One of the last pieces of direct oceanfront real estate near the Indialantic Boardwalk. The new owner will have the option to take over a 29 year successful business as an 17 unit motel or develop their own dream. The current location is also zoned for condominiums. Located walking distance to shopping, restaurants, and nightlife this property has the ability to cater to both short and long term residents. Directly located on A1A it receives steady traffic flow and visibility to your project. Unobstructed ocean views and beach access provide the opportunity to develop unique residences to enhance the landscape of Indialantic and make your mark.
More Information MLS# 894498
Location, Tax, and Legal
Tax Account: 2731576
Parcel Number: 27-38-31-Eo-00066.0-0006.00
General County Location: South
Tax Year: 2020
Tax Legal Description: INDIALANTIC BY THE SEA LOT 6 BLK 66
Directions: North on A1A from 5th Ave, just past the Board walk on Right, Look for Beach Tropic Motel.
General Property Information
Number Of Units Total: 18
Building Area Total: 7670
Lot Size Acres: 0.62
Association YN: No
Property Use: C-MOTOR INN (3900)
Water Body Access YN: No
Use Code: 39 / HOTELS, MOTELS
List Price/SqFt: 241.2
Sold Price/SqFt: 241.2
Year Built: 1951
Remarks and Miscellaneous
Public Remarks: INVESTOR ALERT!! One of the last pieces of direct oceanfront real estate near the Indialantic Boardwalk. The new owner will have the option to take over a 29 year successful business as an 17 unit motel or develop their own dream. The current location is also zoned for condominiums. Located walking distance to shopping, restaurants, and nightlife this property has the ability to cater to both short and long term residents. Directly located on A1A it receives steady traffic flow and visibility to your project. Unobstructed ocean views and beach access provide the opportunity to develop unique residences to enhance the landscape of Indialantic and make your mark.
Construction Materials
Block: 1
Cooling
Wall/Window Unit(s): 1
Flooring
Tile: 1
Possession
Close Of Escrow: 1
Roof
Wood Truss/Raft: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Showing Service: 1
Building Features
Clear Ceiling Height: 7670
Location
City: 1
Sale Includes
Building & Land: 1
Business Only: 1
Contract Information
Current Price: $1,850,000
Original List Price: 1850000
Sold Price: $1,850,000
Status: Closed
Listing Contract Date: 2021-01-15
Property Sub Type: Hotel/Motel
Location Tax and Legal
Street Number: 501
Street Direction Prefix: N
Street Name: Miramar
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32903
MLS Area Major: 383 - N Indialantic
Status Change Information
Major Change Timestamp: 2021-03-10T18:43:16Z
Major Change Type: Status Change
Status Change Timestamp: 2021-03-10
Purchase Contract Date: 2021-01-26
Close Date: 2021-03-09
Close Price: 1850000
Property Features
Construction Materials: Block
Cooling: Wall/Window Unit(s)
Flooring: Tile
Possession: Close Of Escrow
Roof: Wood Truss/Raft
Sale Includes: Building & Land; Business Only
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: Appointment Only; Showing Service
Utilities: Cable Available
Water Source: Public
Listing Office:
Kirschner Real Estate G
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.