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

Overview

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.

Listing Details MLS# 894498

General Property Information

Number Of Units Total: 18
Building Area Total: 7670
Year Built: 1951
Lot Size Acres: 0.62
Property Use: C-MOTOR INN (3900)
Use Code: 39 / HOTELS, MOTELS
Association YN: No
Water Body Access YN: No
List Price/SqFt: 241.2
Sold Price/SqFt: 241.2

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

Contract Information

Original List Price: 1850000
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

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.

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

More Information

Building Features

Clear Ceiling Height: 7670

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.

Construction Materials

Block: Yes

Cooling

Wall/Window Unit(s): Yes

Flooring

Tile: Yes

Possession

Close Of Escrow: Yes

Roof

Wood Truss/Raft: Yes

Security Features

Smoke Detector(s): Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Water Source

Public: Yes

Showing Requirements

Appointment Only: Yes
Showing Service: Yes

Location

City: Yes

Sale Includes

Building & Land: Yes
Business Only: Yes

Listing Office: Kirschner Real Estate G

Last Updated: November - 02 - 2024

Information is deemed to be reliable, but is not guaranteed.