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    3485 Highway 1

    Mims, FL 32754
    • $585,000
    • STATUS: Active
    • ON SITE: 48 days
    • MLS #: 887058
    UPDATED: 236 min ago
    $585,000
    • 0
      BEDS
    • 0.98
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,765
      SQFT
    • $155
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    OWNER FINANCING AVAILABLE!Independently-owned motel with no fees to a hotel chain. This 9 unit motel with 8 rentable units offers rooms that come complete with upgraded WiFi, cable, and kitchenettes which makes it a perfect place to stay for sub-contractors that work out of NASA, Space X, and Blue Origin many of which already stay regularly at the property for weeks and months at a time. The 2 bed / 1 bath managers suite that could be converted back into 2 additional units totaling 10 units. The motel is situated on 0.98 acres and sits on a corner lot with direct US-1 road frontage. The large sign out front is visible during the day and night, and a smaller digital sign has been added to the top of the larger sign for increased advertisement.NOTE: this motel owner currently ONLY accepts cash, no debit/credit cards and no online presence like Expedia; meaning there is MAJOR room for increased revenue. This property is zoned BU-1, The zoning commission has said that additional units can be added as their is no density limit, however there is a structural coverage limit which is 40% meaning you can add as many units as you would like until that limit is met. If you build anything new on the property it must be built to the TU-1 standards per code 62-1511

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    © 2020 Space Coast Association of REALTORS®, Inc. The data relating to real estate for sale or lease on this web site comes in part from the Brevard County Broker Reciprocity Database. Real estate listings held by brokerage firms other than Engel & Voelkers Melbourne Central are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Engel & Voelkers Melbourne Central.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-11-24T00:09:50.08.
    www.homesinmelbournefl.com/homes/110751692
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    3485 Highway 1 Mims, FL 32754

    • Price: $585,000
    • Status: Active
    • Updated: 236 min ago
    • MLS #: 887058
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.98
    Acres
    3,765
    SQFT
    $155
    $/SQFT
    1959
    Built
    Neighborhood:
    None
    County:
    Brevard
    Area:
    101 - Mims/Scottsmoor
    Elementary School:
    Pinewood
    Middle School:
    Madison
    High School:
    Astronaut
    Property Description
    OWNER FINANCING AVAILABLE!Independently-owned motel with no fees to a hotel chain. This 9 unit motel with 8 rentable units offers rooms that come complete with upgraded WiFi, cable, and kitchenettes which makes it a perfect place to stay for sub-contractors that work out of NASA, Space X, and Blue Origin many of which already stay regularly at the property for weeks and months at a time. The 2 bed / 1 bath managers suite that could be converted back into 2 additional units totaling 10 units. The motel is situated on 0.98 acres and sits on a corner lot with direct US-1 road frontage. The large sign out front is visible during the day and night, and a smaller digital sign has been added to the top of the larger sign for increased advertisement.NOTE: this motel owner currently ONLY accepts cash, no debit/credit cards and no online presence like Expedia; meaning there is MAJOR room for increased revenue. This property is zoned BU-1, The zoning commission has said that additional units can be added as their is no density limit, however there is a structural coverage limit which is 40% meaning you can add as many units as you would like until that limit is met. If you build anything new on the property it must be built to the TU-1 standards per code 62-1511
    Exterior Features

    Community Pool No Construction Concrete Block Exterior Finish Painted Lot Description CountyEast Of Us1Major RoadwayPaved Street Parking < 1 Space Per Unit Parking Total 9.00 Pool No Private Pool No Roof Other Site Location Major RoadwayPaved Street Style Efficiency/StudioOne Story Waterfront Present No

    Interior Features

    Cooling Wall - Window Equipment And Appliances Other - Call Agent Floor TerrazzoTile Split Bedroom No Sq Ft Total 3765.00

    Property Features

    55 Plus Community YN No Docs On File Survey Expenses Include Other - Call Agent Financing CashConventionalCreativeHolding 1st Fixer Upper No Free And Clear Yes Multifamily Subtype Other - Call Agent Possession Closing Property Status Standard Rent Includes Cable TvElectricityPest ControlWater Security And Safety Smoke/Co Detector Source Owner Provided Source Of Measurement Tax Rolls Tax Amount 2101.10 Tax Year 2020 Utilities Cable AvailableCity WaterSeptic

    Listing provided courtesy of Visulate Llc.
    © 2020 Space Coast Association of REALTORS®, Inc. All Rights Reserved.


    © 2020 Space Coast Association of REALTORS®, Inc. The data relating to real estate for sale or lease on this web site comes in part from the Brevard County Broker Reciprocity Database. Real estate listings held by brokerage firms other than Engel & Voelkers Melbourne Central are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Engel & Voelkers Melbourne Central.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-11-24T00:09:50.08.
     
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    524 N. Habor City Blvd.
    Melbourne FL, 32935