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Motel For Sale By Owner
30 Unit Water Front Motel for Sale - Cedar Key
873 First St, Cedar Key, Florida 32625 United States
Description
The BeachFront Motel is located in beautiful Cedar Key which is a small city located on the Gulf of Mexico in the middle of the Nature Coast region of northwest Florida’s Gulf Coast. Cedar Key transitioned from an old-fashioned fishing village to a tourist destination. The city features a small, historic, walkable CBD with dining, shopping and lodging in a waterfront setting. The motel is conveniently located within a ¼ mile of all.
Cedar Key is located in Levy County. The nearest sizeable cities are Gainesville (60 miles northeast); Ocala (70 miles east); Tampa (130 miles south) and Tallahassee (150 miles northwest). Cedar Key is “old Florida” or “original Florida” or better yet, “before Disney” Florida. Cedar Key is a clamming, fishing and artist village with a tourist trade. The tourist trade is mostly seasonal and most visitors are looking for a low key sort of vacation.” The tourism high season runs from Mid-February through the end of October, as well as during major holidays and several annual festivals. Activities include birding, fishing, star gazing, dolphin watching, boating and dining in local seafood restaurants. Attractions include the Cedar Keys National Wildlife Refuge; the Lower Suwanee National Wildlife Refuge; and several state parks.
Location Description: Breath taking views, both sunrises and sunsets Dolphin watching, fishing, star gazing..... Great spot for family and/or group events Books in advanced by large groups and events
Income/Expense Info: Actual
Gross Income: $473,790
Effective Gross Income: $473,790
Operating Expenses: $160
Net Operating Income: $313
Pre-Tax Cash Flow: $313
Debt Information: Proposed
Loan Amount: $2
Interest Rate: 6.875 %
Amortized: 25 Years
Due In: 25 Years
Down Payment: Call for price
Price: | $2,700,000 |
Property Sub-Type: | Motel |
Listing ID: | 4856 |
Map of: 873 First St, Cedar Key, Florida 32625 United States