Micah Jackson - Coldwell Banker Coast
4989 S Ridgewood Avenue
Port Orange, FL 32127

Description

Excellent $$ investment property with steady year-round income. Fully occupied & leased seven room (1 -Bed/1-Bath each) motel and restaurant on heavy traffic highway, near beaches,the Inter coastal Waterway, restaurants, services, entertainment and highways. Located in booming Port Orange this property is on the main N-S driving route between Ormond Beach and New Smyrna Beach. All seven motel rooms are occupied with six-month leases. The restaurant is under 5-year lease. This property is well-maintained and can easily be managed from a distance or use one of the seven units for a manger or owner to stay. Parking lot is paved with about 25 spaces. Don't miss buying this property. It is the best combination motel & restaurant property in the area. Great income property!

Details

MLS#1049805
Sub-TypeResale
StatusActive
Year1956
Days On Site79

Features

SQ Feet3,132
Story(s)1
Units8
ZoningOther

Market Activity 32127

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Area Information

StateFL
CountyVolusia
CityPort Orange
Zip Code32127
Area21 - Port Orange S of Dunlawton, E of 95
Listing VS Median (in 32127)
Price:
$725,000
low | high
Med:
$319,000
100% of Average
SqFt:
3,132
low | high
Med:
2,040
84.865900383142% of Average
$ / SqFt:
$231
low | high
Med:
$156
82.447058823529% of Average
On Site:
79
low | high
Med:
131
60.30534351145% of Average
Listing Updated: 01/15/2019
MLS Number: 1049805
Listing Provided By:
Robert Brewster  of  Watson Realty Corp.