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Listed by Richard Feldman • Miami Waterfront Realty • 305-970-2884
$1,299,998
Est. payment /mo
1.39 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/ Motel
Listing Status Active
Purchase Type For Sale
Subdivision Okeechobee
MLS Listing ID M20054730
Construction Status Resale
Year Built 1972
Annual Tax Amount $8,000
Tax Year 2025
Lot Size 1.387 Acres
Acres 1.387
Property Sub-Type Hotel/ Motel
Property Description
Stabilized income producing property. Two parts: Hotel/Motel/Long Term Apartment Building and RV Manufactured Homes Park. Two in One. This is a 9-room motel currently being expanded to 10 rooms, complemented by existing RV/manufactured home lots located to the rear and side of the property. The attached rent roll reflects three recent vacancies that were filled over the weekend with long-term local tenants, stabilizing occupancy.
The current owner is in the process of adding seven additional seven (7) RV/manufactured home sites, including electrical and plumbing infrastructure. There is an adjacent portion of land historically utilized for RV placement for over 20 years, though part of that area may involve state ownership. This will require proper due diligence to confirm legal use and future entitlement. If validated, it presents meaningful expansion potential beyond the current footprint. Rent roll is available upon request and signed NDA.
FAQ: https://tinyurl.com/4bffzuvx
The current owner is in the process of adding seven additional seven (7) RV/manufactured home sites, including electrical and plumbing infrastructure. There is an adjacent portion of land historically utilized for RV placement for over 20 years, though part of that area may involve state ownership. This will require proper due diligence to confirm legal use and future entitlement. If validated, it presents meaningful expansion potential beyond the current footprint. Rent roll is available upon request and signed NDA.
FAQ: https://tinyurl.com/4bffzuvx
Location
State FL
County Okeechobee
Area 6220 Se Okeechobee County
Interior
Heating Central, Electric, Individual
Cooling Central Air
Fireplace No
Exterior
Total Parking Spaces 100
Building
Story 1
Construction Status Resale
Others
Tax ID R13437350A0000022A000
Ownership Limited Partner
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://youtube.com/shorts/ndCtGwNsHhg
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