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South Beach Place 1705 Ocean Dr 18 Room Hotel Vero Beach, FL 32963 $4,500,000 ($250,000/Room)
Executive Summary
Prime Opportunity in Prime location. Motel is located across the street from Public Beach access. Time and money has been invested in this Motel to make it perform like a well oiled Machine. There have been many meticulous upgrades to each unit to bring out the beach feel for valued Guests. A new roof, Upgraded Main Electric panel, updated Billing system and other upgrades help the Staff operate efficiently with out needing the owner to be present. 19 units with 1 unit being used for on site staffer for assistance to operate at all hours. Owner financing available for qualified buyers.
Property Facts
| Price | $4,500,000 | Building Size | 8,734 SF |
| Price Per Room | $250,000 | No. Rooms | 18 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1956 |
| Property Subtype | Hotel | Parking Ratio | 2.06/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.55 AC | ||
| Zoning | RM-10 | ||
| Price | $4,500,000 |
| Price Per Room | $250,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 8,734 SF |
| No. Rooms | 18 |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 2.06/1,000 SF |
| Corridor | Exterior |
| Zoning | RM-10 |
Amenities
- Balcony
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 18 | $208.00 | - |
Property Taxes
| Parcel Number | 33-40-05-00009-0030-00018.0 | Improvements Assessment | $816,511 |
| Land Assessment | $610,929 | Total Assessment | $1,427,440 |
Property Taxes
Parcel Number
33-40-05-00009-0030-00018.0
Land Assessment
$610,929
Improvements Assessment
$816,511
Total Assessment
$1,427,440
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South Beach Place | 1705 Ocean Dr
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