Remarks

Are you ready to own a piece of paradise on the beautiful Gulf Coast of Florida? Look no further than The Hernando Beach Motel located in The Village of Hernando Beach. This turnkey operation has 7 efficiencies with full kitchens, two offices, one for the motel and the other is leased by The Freedom Boat Club including slips for 18 of their boats.. There is also an apartment for the owner/manager. The concrete sea wall is 305 feet long and has 12 floating docks with 23 boat slips directly leading to the Gulf of Mexico. The motel runs its own very successful boat rental operation with ten top notch pontoon boats which are included with the sale price. The building sits on the right side of the one acre lot leaving plenty of room for the expansion of an additional 18 room, three story motel. Preliminary plans have already been drawn up for the construction of a beautiful Key West style building. Hernando Beach is surrounded by The Gulf of Mexico on the West side and by seven parks within seven miles on the other side. The Weeki Wachee State Park with its world famous mermaid show is located only ten minutes away. The Hernando Beach Motel with its own Captain's Boat Rental on location is a very profitable business. If new owners operate the business with no payroll as we used to do, their CAP rate would be 9.6% with actual 2023 figures. Work and play in paradise with this unique investment!

Details

MLS#: 2236852
Price: $2,995,000

Style: Hotel/Motel

County: Hernando
Subdivision: Gulf Coast Ret Unit 5
Tax Fee: 9080.02

School Elementary: Westside
School Middle: Fox Chapel
School High: Weeki Wachee