$2,750,000
Grant-Valkaria, FL 32949
MLS# 1040453
20 baths
1 / 13
Property Description
Pelican Lodge is a stabilized 19-unit weekly and monthly stay lodge located on US 1 in Grant-Valkaria, Florida. Acquired as a distressed asset, the property underwent a full renovation over the past year, repositioning it as an income-producing operation with 100% occupancy. Reservations are secured through May 2025, with a waitlist in place for summer months. The lodge operates efficiently with a lean leasing and cleaning team, resulting in strong cash flow and minimal overhead. While historical financials prior to renovation are limited, current stabilized performance reflects consistent revenue generation. Offered as a turnkey investment, Pelican Lodge is well-suited for a 1031 exchange or investors seeking immediate income with operational upside.
Details
Maps
Location, Tax, and Legal
Tax Account: 2956652
Parcel Number: 29-38-27-00-00506.0-0000.00
General County Location: South
Tax Annual Amount: 14084.3
Tax Year: 2024
Tax Legal Description: PART OF LOT 1 SEC 27 & PT OF SE 1/4 SEC 28 AS DES IN DB 370 PG 559
Directions: To reach 5690 S US Highway 1 in Grant Valkaria, FL, head south on US Highway 1 from Melbourne, continue past the Pineda Causeway, and the property will be on your left as you approach the town of Grant Valkaria.
General Property Information
Number Of Units Total: 1
Building Area Total: 5372
Lot Size Acres: 0.98
Water Body Access YN: No
List Price/SqFt: 511.91
Bathrooms Total: 20
Year Built: 1953
Remarks and Miscellaneous
Public Remarks: Pelican Lodge is a stabilized 19-unit weekly and monthly stay lodge located on US 1 in Grant-Valkaria, Florida. Acquired as a distressed asset, the property underwent a full renovation over the past year, repositioning it as an income-producing operation with 100% occupancy. Reservations are secured through May 2025, with a waitlist in place for summer months.
The lodge operates efficiently with a lean leasing and cleaning team, resulting in strong cash flow and minimal overhead. While historical financials prior to renovation are limited, current stabilized performance reflects consistent revenue generation.
Offered as a turnkey investment, Pelican Lodge is well-suited for a 1031 exchange or investors seeking immediate income with operational upside.
Construction Materials
Other: 1
Cooling
Central Air: 1
Current Use
Hotel/Motel: 1
Heating
Central: 1
Lot Features
Cleared: 1
Few Trees: 1
Parking Features
Attached: 1
Road Frontage Type
State Road: 1
Sewer
Public Sewer: 1
Unit 1 Details
Unit ID: 2
Annual Rent: 900
Unit SqFt: 700
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: none
Utilities
Other: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $2,750,000
Original List Price: 2750000
List Price: $2,750,000
Status: Active
Listing Contract Date: 2025-03-18
Property Sub Type: Hotel/Motel
Location Tax and Legal
Street Number: 5690
Street Name: Highway 1
County: Brevard
State: FL
Postal Code: 32949
MLS Area Major: 342 - Malabar/Grant-Valkaria
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2025-03-18T20:33:36Z
Major Change Type: New Listing
Status Change Timestamp: 2025-03-18
Property Features
Construction Materials: Other
Cooling: Central Air
Current Use: Hotel/Motel
Heating: Central
Lot Features: Cleared; Few Trees
Parking Features: Attached
Road Frontage Type: State Road
Sale Includes: Building & Land
Sewer: Public Sewer
Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany
Utilities: Other
Water Source: Public
Listing Office: Reach Commercial Real Estate
Last Updated: March - 19 - 2025
Information is deemed to be reliable, but is not guaranteed.