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16502 Spring St
White Springs, FL 32096
Suwannee River Motel · Hospitality Property For Sale
·
17 Rooms
PROPERTY FACTS
| Property Type | Hospitality | No. Rooms | 17 |
| Property Subtype | Hotel | No. Stories | 1 |
| Building Class | C | Year Built | 1950 |
| Lot Size | 0.84 AC | Parking Ratio | 3.73/1,000 SF |
| Building Size | 5,360 SF | Corridor | Exterior |
| Zoning | CN | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.84 AC |
| Building Size | 5,360 SF |
| No. Rooms | 17 |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 3.73/1,000 SF |
| Corridor | Exterior |
| Zoning | CN |
ABOUT 16502 SPRING ST , WHITE SPRINGS, FL 32096
INVESTOR ALERT! The City of White Springs is in need of a multi-family site just like this one! With little to no competition this is an opportunity to take advantage of an untapped market regardless of your venture. Whether utilized as an assisted living facility,motel or apts - these 17 units will be a cash cow! Located directly across from Stephen Foster Folk Center / Historic Spring House & w/half of the units 90% ready for tenants to move in, there is a great opportunity to start producing income immediately while finishing the remodel of the remaining units; nearly all of the materials to complete the remodel will be provided by seller; no matter which direction you take this project the potential income is huge; owner financing available at negotiable terms to qualified buyers; capitalize on this terrific location right off highway 441. Become the go-to rental provider for the HUGE country music concerns held in the area featuring national artists or cater to the tourism traffic that all of the local rivers and springs bring to the area.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 17 | $35.00 | - |
PROPERTY TAXES
| Parcel Number | 8222-000 | Improvements Assessment | $100,646 |
| Land Assessment | $27,469 | Total Assessment | $128,115 |
PROPERTY TAXES
