3485 Us Highway 1

MIMS, FL 32754

About this property

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

Date Added
October 7, 2020
Listing Status
Pending
Days On Site
14
MLS#
O5897704

Features and Additional Information

Lot Size
42,689 SqFt
Acreage
0.98
Property Type
Commercial
Style
IQWeb_
Sub-Type
Resale
Year
1959
Garage
0
Pool
No
Story(s)
0
Property View
No
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$585,000 Pending
0 Beds
0
Baths
3,765 SQFT

Presented By Coldwell Banker Coast Realty

Port Orange PM

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(386) 385-7767
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Area Information

32754 - Mims | Brevard County |

$ 585,000
This listing is play_arrow 145.8% higher than the average in the area
$ 238,000 in the area
3,765 SqFt
This listing is play_arrow 172.8% larger than the average in the area
1,380 SqFt in the area
$ 155 $/SqFt
This listing is play_arrow 9.9% less than the average in the area
$ 172 $/SqFt in the area
14 days on site
This listing is play_arrow 88.6% below the average in the area
123 days on site in the area

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