$4,800,000
$5,800,000
17.2%For more information regarding the value of a property, please contact us for a free consultation.
3499 S ATLANTIC AVE Cocoa Beach, FL 32931
9,350 SqFt
Key Details
Sold Price $4,800,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 9,350 sqft
Price per Sqft $513
Subdivision Orlando Beach
MLS Listing ID O6037080
Sold Date 10/25/22
Construction Status Other Contract Contingencies
HOA Y/N No
Originating Board Stellar MLS
Year Built 1956
Annual Tax Amount $11,201
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 51x260
Property Description
Dreams Do Come True! Welcome to Anthony's on the Beach Motel. One of the only Beach Front Motels you'll find for sale that has been in business since the 1950's. Property was rebuilt in 1985 with block construction and consists of 20 Units including Manager's Room with full kitchen. The property has been fully remodeled recently. There are 3 Studio Single Bed units , 8 Double bed studios, 2 Beachfront singles, Four 2 bedroom Suites with full kitchens upstairs and one of which is a mega beachfront penthouse style with living room and one single studio with full kitchen. With a total of 9350 sqft of Living space and sitting on a 14,810 lot which includes beach property. Zoned RU230. Builders welcome. Collect income while planning to rebuild completely new. This is a profitable motel currently in business with strong financials. Located in Cocoa Beach. Watch the rockets take off right from the terrace or future luxury condo while sipping champagne and listening to the waves crash. Location Location Location.
Location
State FL
County Brevard
Community Orlando Beach
Zoning RU230
Interior
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile
Appliance Dishwasher, Refrigerator
Exterior
Parking Features Parking Spaces - 13 to 18
Utilities Available BB/HS Internet Capable, Electricity Available, Phone Available, Public, Water Connected
Waterfront Description Beach - Private, Gulf/Ocean
View Y/N 1
Water Access 1
Water Access Desc Beach - Private,Gulf/Ocean
Roof Type Built-Up
Building
Lot Description Flood Insurance Required, FloodZone, Paved, Waterfront
Story 2
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block, Stucco, Wood Frame
New Construction false
Construction Status Other Contract Contingencies
Others
Ownership Sole Proprietor
Special Listing Condition None
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Bought with INVESTOR'S REAL ESTATE LLC