Hotel & Motel Property For Sale - Delray Inn & Coffe House-PRICE REDUCTION

271 NE 6th Ave, Delray Beach, FL, 33483

 

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Delray Inn & Coffe House-PRICE REDUCTION

271 NE 6th Ave, Delray Beach, FL 33483

Delray Inn
  • $2,000,000
  • 11
  • $181,818.18
  • Hotel & Motel
  • Full Service
  • Investment
  • 1%
  • $75
  • 90%
  • 1
  • 1960
  • 0.50 AC
  • Find Out More...
Last Verified  10/30/2009 Listing ID  16265013

Highlights

  • Great Upside Potential!
  • Zoning Allow for Expansion
  • Perfect for Boutique Hotel or Bed & Breakfast with Wine & Cigar Bar
  • Great Opportunity for 1st time owner - Owner Financing Available
  • Close to Beach....European Travelers love it!
  • NOT BEING RUN AS TYPICAL MOTEL...USED IN OWNERS BUSINESS

Description

***PRICE REDUCED...MOTIVATED SELLER***The Delray Inn is U-shaped property 11 rooms. Each room is set up as a typical motel room with one or two queen beds, a nightstands and or dresser, table and chairs, TV and modern artwork. Each room also has new cabinets with counter top, refrigerator, microwave and coffee maker. All bathrooms has pedestal sinks with stand up shower. Four of the rooms have been set up as efficiency apartment with gas stove and kitchen sinks.

Koffeeokee coffee house is licensed as an art gallery and is able to serve gourmet coffee, pre-packaged food and sell small items. The furniture in the Koffeeokee is modern in nature. There is a kitchen area, a large area for guest to enjoy their coffee and two rest rooms for guest use. There are two patios for the motel and coffee house share with lush landscaping. The Koffeeokee has nightly events such as Open Mic Nite, Delray Idol Contest, Live Music, Theme DJ Dance parties & Karaoke.

Since the motel is not being run as a typical motel...all room revenue and expenses have projected. The upside for this property is ENDLESS. Call for more details.

Delray Beach is in the southeast corner of Palm Beach County on the Atlantic seashore, a village by the sea that began as an agricultural community in 1895 has become one of Florida's most popular destinations for visitors, new families and seasonal residents. The City of Delray Beach encompasses slightly over 16 square miles with a permanent population of nearly 65,000 and growing.

Financial Summary

Room Mix Information

  • Proforma
  • 2009
  • $423,000
  • $234,212
  • $188,788

Map of 271 NE 6th Ave, Delray Beach, FL 33483 (Palm Beach County)

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Created 6/4/2009

Additional Information for 271 Ne 6th Avenue, Delray Beach, FL 33483

  • Active For Sale - 1 Listing
  • Active For Lease - 0 Listing
  • Previously Listed - 0 Historic Listing
  • Sales Comparables Available - 0 RecentSales Record

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