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    2870 Estero Boulevard

    Fort Myers Beach, FL 33931
    • $1,448,000
    • STATUS: Active
    • ON SITE: 288 days
    • MLS #: 220047841
    UPDATED: 38 min ago
    $1,448,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1955
    County:
    Lee

    School Ratings & Info

    Description

    This beautiful Motel on Fort Myers Beach is one of a kind. The grandfathered in Motel allowes daily rental and therefore is one of the only ones on the market on Fort Myers Beach. The Hotel has 11 rooms grossing about 30-35k per year averaging $350.000 a year with current management. Costs including all operating expenses (incl. full insurance and housekeeping $74,576) making this a 15% plus cap-rate motel. Direct beach access only 30ft from the building. Some rooms have water view. The little Tikibar gives guests a place to grill and to enjoy the outdoors.Current owners operating can keep on managing this hotel. If they keep on managing, price is flexible.

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    © 2021 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Clausen Properties, Inc.. Data last updated 2021-05-16T14:32:11.633.
    www.clausenproperties.com/homes/108451031
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    2870 Estero Boulevard Fort Myers Beach, FL 33931

    • Price: $1,448,000
    • Status: Active
    • Updated: 38 min ago
    • MLS #: 220047841
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1955
    Built
    Neighborhood:
    Fb03 - Gulf Beach Road To Avenid
    County:
    Lee
    Area:
    Fb03 - Gulf Beach Road To Avenid
    Property Description
    This beautiful Motel on Fort Myers Beach is one of a kind. The grandfathered in Motel allowes daily rental and therefore is one of the only ones on the market on Fort Myers Beach. The Hotel has 11 rooms grossing about 30-35k per year averaging $350.000 a year with current management. Costs including all operating expenses (incl. full insurance and housekeeping $74,576) making this a 15% plus cap-rate motel. Direct beach access only 30ft from the building. Some rooms have water view. The little Tikibar gives guests a place to grill and to enjoy the outdoors.Current owners operating can keep on managing this hotel. If they keep on managing, price is flexible.
    Exterior Features

    Architectural Style Low Rise Covered Spaces 0 Waterfront Features Beach FrontGulf Waterfront YN Yes

    Property Features

    Association Fee 0 Association Fee2 0 Business Name Sandy Beach Motel Business Type Hospitality Current Use Multi-Family Development Name Gulf Access YN 1 Land Lease Amount 0 Lease Considered YN No Potential Short Sale YN N Property Sub Type Hotel/Motel Restrictions Tax Annual Amount 7170 Tax Year 2019 Utilities Electricity AvailableSewer AvailableWater Available Zoning Description Cr

    Listing courtesy of Daniel James Clarkston of Premiere Plus Realty Company.


    © 2021 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Clausen Properties, Inc.. Data last updated 2021-05-16T14:32:11.633.
     
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