Well Known 24 Room Motel in Brooksville

Hospitality for Sale
Catylist Listing ID: 29643590
Property Subtypes: Extended Stay, Motel
Number of Units: 24 Units
Building Size (RSF): 9,000 SF
Gross Building Area: See Agent
Gross Land Area: 65,800 SF
Sale Price: $625,000
Unit Price: $26,041.67 Per Unit
Property Use Type: Investment, Business
Building Name: Oaks Motel
Name of Establishment: Oaks Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/6/2018

Overview / Comments

Well known 24 Room historic motel, first built in 1942 and expanded in 1968 and 1994. Gross sales income for 2017, $170,000.00. (with 4 rooms occupied by family) Roofs 10 years or less. New water heaters. All buildings and ac systems in good condition. This property has withheld the test of time and continues to thrive. Additional profit could be made from the 2 RV Hookups available and mobile home on the property, surrounded by massive oak trees and mature landscaping. On site residence for owner or manager with laundry room also on site. Popular destination for travelers for Daytona 500 and other Florida events such as the Get Healthy Brooksville Cycling Classic that attracts cyclists from all over the state of Florida.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hernando
Tax ID/APN: R2222219225000600156
Market Type: Small
Retail Clientele: Traveler, Other
Property Located Between: 100 FT from SR 50 in between Fort Dade and Lamar Avenue
Side of Street: West
Road Type: Highway
Property Visibility: Good
Largest Nearby Street: SR 50
Traffic/Vehicle Count: 17,800
Transportation: Bus
Highway Access: SR 50 minutes to Suncoast Parkway and I-75
Airports: Tampa/International, Orlando
Site Description: Well maintained property with over abundance of massive oak trees and true to florida mature plants and landscaping.
Area Description: Within 500 ft of SR 50 close to downtown Brooksville, Florida. Walking distance from shopping. In an area of mixed residential and business.
Nearby Attractions: Withlacoochee State Park, "named one of the "10 Coolest Places You've Never Been in North America" by the World Wildlife Fund. Heritage Museum, Train Museum and several golf country clubs open to the public. Within minutes from Weeki Wachee Springs known for the tourist attraction of underwater performances of Mermaids viewed in an aquarium-like setting
Total Number of Buildings: 4
Number of Stories: 1
Year Built: 1942
Year Renovated: 1994
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Cottages are frame and additions are concrete block
Total Parking Spaces: 50
Parking Type: Surface
Parking Description: ample parking in front of each door with additional space on the side of the property
Laundry: Laundromat Nearby
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: tastefully decorated motel rooms comfortable for the traveler

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,066 13,419 22,277
Median Age: 40.26 45.9 46.01
Households: 1,663 5,805 9,394


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