Mims, FL 32754,3485 Highway 1
Mims, FL 32754,3485 Highway 1
Mims, FL 32754,3485 Highway 1
Mims, FL 32754,3485 Highway 1
Mims, FL 32754,3485 Highway 1
Mims, FL 32754,3485 Highway 1
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$510,000

$585,000

12.8%
Est.Price: ?

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Est. payment /mo

3,765 SqFt


SOLD DATE : 01/28/2021

Key Details

Sold Price $510,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,765 sqft

Price per Sqft $135

MLS Listing ID 887058

Sold Date 01/28/21

HOA Y/N No

Total Fin. Sqft 3765

Originating Board Space Coast MLS (Space Coast Association of REALTORS®)

Year Built 1959

Annual Tax Amount $2,228

Tax Year 2020

Lot Size 0.980 Acres

Acres 0.98

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.'||chr(10)||''||chr(10)||'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'||chr(10)||''||chr(10)||'

Location

State FL

County Brevard

Area 101 - Mims/Scottsmoor

Direction North on Highway 1 from SR 46. Property is on the corner of Irwin.

Interior

Cooling Wall/Window Unit(s)

Flooring Terrazzo, Tile

Appliance Other

Exterior

Exterior Feature ExteriorFeatures

Pool None

Utilities Available Cable Available, Water Available

Roof Type Other

Street Surface Paved

Garage No

Building

Sewer Septic Tank

Water Public

Level or Stories One

Schools

Elementary Schools Pinewood

High Schools Astronaut

Others

Senior Community No

Tax ID 21-35-06-00-00764.0-0000.00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Space Coast Association of Realtors (Brevard MLS)
Listed by Visulate LLC
Bought with Visulate LLC
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