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178 SW Florida Gateway Dr
Lake City, FL 32024
Econo Lodge Lake City-North · Hospitality Property For Sale
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45,064 SF
Investment Highlights
- 2-story 61-room exterior corridor hotel/Retail plaza w/ liquor store/SFH/Multiple income sources/47.3+/- acres vacant land (40-50% buildable)
- Amenities Include, Outdoor Pool, Premium WiFi, Outdoor Picnic Area, Truck Parking, Guest Laundry, News Stand, and FEMA approved
- 2021 Lease Income from Spa: $24,243/2021 Billboard Rental Income: $5,664/2021 Additional Rental Income: $4,930/2021 Liquor Store Revenue: $1,260,484
- 2013 Renovations Include: New Interior & Exterior Paint, New Flooring, New Bedding, New Mattresses, New TVs, Parking Lot Resurfaced
- Situated at Intersection of I-75 & US 90 /High Visibility from I-75 46 Miles from Gainesville, FL /64 Miles from Jacksonville, FL
- List Price $7,000,000/Year 1 Projected Revenue - $2,452,647 /Year 1 Projected NOI - $517,492 /2021 Revenue - $2,235,493 /2021 NOI - $471,674
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1966/2023 |
| Building Class | C | Parking Ratio | 1.71/1,000 SF |
| Lot Size | 5.08 AC | Corridor | Exterior |
| Building Size | 45,064 SF | ||
| Zoning | CHI | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 5.08 AC |
| Building Size | 45,064 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2023 |
| Parking Ratio | 1.71/1,000 SF |
| Corridor | Exterior |
| Zoning | CHI |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
Property Taxes
| Parcel Number | 35-3S-16-02543-000 | Improvements Assessment | $814,236 |
| Land Assessment | $1,500,302 | Total Assessment | $2,314,538 |
Property Taxes
Parcel Number
35-3S-16-02543-000
Land Assessment
$1,500,302
Improvements Assessment
$814,236
Total Assessment
$2,314,538
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