Active

2003 14TH AVE W

BRADENTON FL, 34205

$1,650,000


$337.77 per sqft

Active

4,885 sqft

Commercial

Built in 1946

This is an amazing and rare business opportunity. Proven money maker with the same owner since 1996 (27 years). The Florida Bound Motel is a 19 unit motel. There are 18 rentable units treated as an extended stay multifamily property and 1 onsite manager's apartment. There is an attached family take-out restaurant which has outdoor seating. The restaurant is rented out to the same established restaurant owner for the last 6 years. The zoning is C-3. The current owner maintains a Motel License, Restaurant License and Merchandising License. This owner operator has a smooth profitable operation that is turnkey. Many guests stay long term. New owners can transition easily as an owner-operator or hire an onsite manager or couple to take care of the day to day business. Property has high occupancy and usually maintains a waiting list. Guests tend to stay longer than planned due to all the conveniences (clean property, centrally located to nearby restaurants, supermarkets, bus routes and the downtown area.) New owner can take over this business with little effort at same levels or supercharge the profits by operating a nightly guest stay operation (current comps in that area is $500 a week per unit). SELLER FINANCING TERMS are available for a qualified buyer.

U8233705

MLS ID

March 6, 2024

Listed

May 31, 2024

Updated

Map

2003 14TH AVE W
BRADENTON FL, 34205

Interior Features

Floor Description

Ceramic Tile


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.28 Acres


Lot Features

Central Business District, Curb and Gutters, City Limits, Near Public Transit, Sidewalk, Street Lights, Paved


Sewer

Public Sewer

Other Property Details

Area Name

34205 - Bradenton


Taxes

$5,914


Tax Frequency

Annually


Days on Market

85


Garage

No


View

No


County

Manatee


Municipality

34


Water Source

Public


Pool

No


Zoning

C3


Buyer Agency Compensation

1.0%

Listed by CMAX REALTY INC.
Listing Contact: 813-949-0901 

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of Stellar MLS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Linda Moore participates in the Stellar MLS Internet Data Exchange (IDX) program, allowing display of other Stellar MLS broker's listings on this site. However, may not include all listings currently available. Information is deemed reliable but not guaranteed. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.  Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

©2024 Stellar MLS. All rights reserved. 

Data last updated 5/31/2024, 4:34 PM UTC

Powered byLuxury Presence