$1,042,750
Melbourne Beach, FL 32951
MLS# 716484
Status: Closed
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Property Description
The Sea View Motel has been a constant in Melbourne Beach since 1950. Top rated on Trip Advisor and lovingly restored by it's current owners in 2008, this turn-key oceanfront property is ready for you! Eight fully furnished units, complete with kitchens and ocean views, this property has reservations well into 2016. New HVAC, stucco, paver walkways, brand new septic tank & leach field, updated floors and furnishings, outdoor shower and ocean-front pergola. Vintage and modern, this property is unique and sought after by today's savvy traveler.
Details
Maps
Location, Tax, and Legal
Tax Account: 2851325
Parcel Number: 28-38-34-00-00501.0-0000.00
General County Location: South
Tax Annual Amount: 11356.8
Tax Year: 2014
Tax Legal Description: S 100 FT OF GOV'T LOT 2 SEC 33 & THAT PT OF GOV'T LOT 1 SEC 34 LYING E OF S 100 FT OF GOV'T LOT 2 SEC 33 ALL LYING E OF
Directions: Located on Highway A1A six miles south of 192. Property is located a half mile south of Publix and directly across from Cafe Coconut Cove.
General Property Information
Number Of Units Total: 8
Building Area Total: 4560
Lot Size Acres: 0
Association YN: No
Property Use: C-EXTENDED STAY OR SUITE HOTEL (3930)
Water Body Access YN: No
Waterfront YN: Yes
Use Code: 39 / HOTELS, MOTELS
List Price/SqFt: 285.09
Sold Price/SqFt: 228.67
Year Built: 1950
Remarks and Miscellaneous
Public Remarks: The Sea View Motel has been a constant in Melbourne Beach since 1950. Top rated on Trip Advisor and lovingly restored by it's current owners in 2008, this turn-key oceanfront property is ready for you! Eight fully furnished units, complete with kitchens and ocean views, this property has reservations well into 2016. New HVAC, stucco, paver walkways, brand new septic tank & leach field, updated floors and furnishings, outdoor shower and ocean-front pergola. Vintage and modern, this property is unique and sought after by today's savvy traveler.
Construction Materials
Block: 1
Frame: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Wall/Window Unit(s): 1
Current Use
Commercial: 1
Flooring
Laminate: 1
Terrazzo: 1
Tile: 1
Heating
Central: 1
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Scheduled Income: 145000
Insurance Expense: 7000
Manager Expense: 30000
New Taxes Expense: 10000
Other Expense: 600
Supplies Expense: 3000
Roof
Composition: 1
Rolled/Hot Mop: 1
Security Features
Smoke Detector(s): 1
Sewer
Septic Tank: 1
Special Listing Conditions
County Jurisdiction: 1
Utilities
Cable Available: 1
Water Source
Public: 1
Well: 1
Waterfront Features
Ocean Front: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Building Features
% Air Conditioned or Heated: 100
Kitchen Facilities: 1
Laundry: 1
Manager on Premise: 1
Office: 1
Outside Storage: 1
Private Restroom: 1
Separate Office Area: 1
Storage: 1
Ceiling Type
Drywall: 1
Location
Airport Access: 1
Beach Area: 1
City: 1
County: 1
Golf Course: 1
Sale Includes
Building & Land: 1
Business Only: 1
Furniture, Fixtures and Equipment: 1
Contingency Reason
Other: 1
Historical Information
Public Historical Remarks 3: Expenses-Utilities: 12000, Expenses-Maint & Repair: 10000, Expenses-Advertising: 700, Expenses-Accounting & Legal: 2000
Contract Information
Current Price: $1,042,750
Original List Price: 1300000
Sold Price: $1,042,750
Status: Closed
Listing Contract Date: 2015-01-28
Property Sub Type: Business
Location Tax and Legal
Street Number: 4215
Street Direction Prefix: S
Street Name: Highway A1a
County: Brevard
State: FL
Postal Code: 32951
MLS Area Major: 385 - South Beaches
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2016-04-21T01:23:15Z
Major Change Type: Status Change
Status Change Timestamp: 2016-04-20
Contingency: Active Under Contract
Purchase Contract Date: 2016-02-29
Close Date: 2016-04-20
Close Price: 1042750
Property Features
Building Features: Kitchen Facilities; Laundry; Manager on Premise; Office; Outside Storage; Private Restroom; Separate Office Area; Storage
Ceiling Type: Drywall
Construction Materials: Block; Frame
Cooling: Ceiling Fan(s); Central Air; Wall/Window Unit(s)
Current Use: Commercial
Flooring: Laminate; Terrazzo; Tile
Heating: Central
Listing Terms: Cash; Conventional
Location: Airport Access; Beach Area; County; Golf Course
Possession: Close Of Escrow
Roof: Composition; Rolled/Hot Mop
Sale Includes: Building & Land; Business Only; Furniture, Fixtures and Equipment
Security Features: Smoke Detector(s)
Sewer: Septic Tank
Showing Requirements: Appointment Only; Call Listing Agent
Special Listing Conditions: County Jurisdiction
Utilities: Cable Available
Water Source: Public; Well
Waterfront Features: Ocean Front
Contingency Reason: Other
Listing Office: Britton Group, Inc.
Last Updated: November - 01 - 2024
Information is deemed to be reliable, but is not guaranteed.