9400 19th Ln, VERO BEACH, FL 32966
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- MLS#: TB8399476 ( Commercial Sale )
- Street Address: 9400 19th Ln
- Viewed: 3
- Price: $6,900,000
- Price sqft: $201
- Waterfront: No
- Year Built: 1998
- Bldg sqft: 34276
- Days On Market: 10
- Additional Information
- Geolocation: 27.6385 / -80.5204
- County: INDIAN RIVER
- City: VERO BEACH
- Zipcode: 32966
- Subdivision: Sixty95 Comm Park Rep 1 Sub
- Provided by: IMPACT REALTY TAMPA BAY
- Contact: saurabh saurabh
- 813-321-1200
- DMCA Notice
-
DescriptionFOR SALE: High Income Holiday Inn Motel Prime Location in Vero Beach, FloridaAsking Price: $6,900,000Appraised Value: $8,300,000 (Verified)Loan Balance: $4,700,000 (Assumable)Cash Required to Close: Approximately $2,000,000Annual Revenue: $2,000,000+Rooms: 65 Premium Renovated RoomsPrice Per Room: $106,000Discount from Market Value: $1.4 MillionProperty OverviewThis is a rare opportunity to acquire a high revenue Holiday Inn located directly on Interstate I 75, in the rapidly growing area of Vero Beach, Florida. Positioned right next to the Vero Beach Outlets, this motel enjoys outstanding visibility and heavy highway traffic, making it one of the most strategically located hospitality properties in the region.Key Features:65 Fully Renovated Premium Guest RoomsNewly upgraded and maintained to the highest standards. Excellent guest reviews and strong repeat business.Outstanding LocationFirst motel off I 75 at the Vero Beach Outlets high traffic area with strong year round demand.Strong Financial PerformanceGenerates over $2 million in verified annual revenue, with room to grow under experienced ownership.Excellent AmenitiesIncludes a large swimming pool, modern fitness center, and comfortable lounge area appealing to both leisure and business travelers.Ample ParkingOver 70 dedicated parking spaces, ideal for guests with vehicles, RVs, or tour buses.Investment Highlights:Priced Below Market Value: Appraised at $8.3 million, available for just $6.9 million offering immediate equity.Assumable Loan: Existing $4.7 million loan is assumable, minimizing the cash investment required.Only $2 Million Down: Acquire a high performing asset with just $2 million out of pocket.Turnkey Operation: Professionally maintained, fully operational, and revenue generating from day one.Who This Is Perfect For:Experienced hotel/motel operatorsInvestors seeking strong cash flow with real estate upsideBuyers using 1031 exchange fundsHospitality groups looking for a flagship Florida locationSummary:This is a unique chance to own a well established, highly visible, and top performing Holiday Inn in a premium Florida market with built in equity and strong returns. Opportunities like this are rare in todays market.
Property Location and Similar Properties
Features
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- Central Air
Country
- US
Covered Spaces
- 0.00
Garage Spaces
- 0.00
Insurance Expense
- 0.00
Legal Description
- SIXTY/95 COMMERCIAL PARK REPLAT 1 SIXTY/95 COMMERCIAL PARK REPLAT 1 PBI 14 -70 E 52.64 FT OF LOT 9
- TOGETHER WITH E 41.13 FT OF LOT 10 & ALL OF LOT 11
Living Area
- 33158.00
Area Major
- 32966 - Vero Beach
Net Operating Income
- 0.00
Open Parking Spaces
- 0.00
Other Expense
- 0.00
Parcel Number
- 33-38-03-00008-0000-00009.1
Property Type
- Commercial Sale
Road Frontage Type
- Business District
Tax Year
- 2024
Township
- 33
Virtual Tour Url
- https://www.propertypanorama.com/instaview/stellar/TB8399476
Year Built
- 1998
Zoning Code
- CG