Vintage 1950 Florida Motel & Campground on 3.02 Acres

Hospitality for Sale
Catylist Listing ID: 30765207
Property Subtypes: Motel
Number of Units: 22 Units
Building Size (RSF): 10,426 SF
Gross Building Area: See Agent
Gross Land Area: 3.02 Acres
Sale Price: $895,000
Unit Price: $40,681.82 Per Unit
Ceiling: 9 ft.
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: The Westgate Motel
Name of Establishment: The Westgate Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/14/2021

Overview / Comments

1950 Vintage Florida Motel and Campground on 3.02 acres, located on the busy Historic Highway 19 corridor, in Perry. Take a step back in time to Old Florida, the Florida of Vintage Postcards! The Westgate Motel offers Old Florida charm and a smart investment opportunity. Situated on the Central/South West Florida to North West Florida connector, Highway 19, with a daily traffic count of 11,227 at the intersection of Hampton Springs Avenue (just North of the Motel), this route is chosen by Florida tourists and corporate travelers alike. 55 miles south of the Capital City of Tallahassee, and 166 miles to Tampa. Minutes from Downtown Perry, and within walking distance to shops and restaurants. 347 feet of frontage along highway 19. The Motel features 22 rooms, and a separate campground area to the West of the property, with RV connections. 3 buildings total 10,426 SF of space to turn this Vintage Florida hospitality property into a successful income producer. Building one 3,093 SF, building two 4,479 SF, building three 2,854 SF. Commercial zoning. 2020 annual taxes $6,094.
Rental Info:
Daily $65 1 or 2 beds small room , $75 1 or 2 beds big room, $85- $95 1 or 2 beds big or small room (smoking and pet friendly room) and up
Weekly $295 1 or 2 beds small room , $325 1 or 2 beds big room, $425 1 or 2 beds big or small room (smoking and pet friendly room) and up
Bi-weekly $455 1 or 2 beds small room, $555 1 or 2 beds big room, $655 1 or 2 beds big or small room (smoking and pet friendly room) and up
Monthly $695 1 or 2 beds small room, $795 1 or 2 beds big room , $895 to $995 1 or 2 beds big or small room (smoking and pet friendly room) and up
Apartment $1,200 and up
Room 8 is $895 and up. Has a kitchen and little patio area.
Room 20 is $895 and up. Has a modern look with a full size bed and futon.
$100 Deposit for weekly, bi-weekly and monthly required.
Extra person $10 per day
Extra pet $10 per day
Transfer rooms- $40 fee
Lost key $25
Check in: 3:00pm
check out 11:00am
Campground
Daily $45 (0-30 foot RV) & $65 and up (30 and up foot RV)
Weekly $195 (0-30 foot RV) & $295 and up (30 and up foot RV)
Bi-weekly $295 (0-30 foot RV) & $395 and up (30 and up foot RV)
Monthly $425 (0-30 foot RV) & $495 and up (30 and up foot RV)
$100 Deposit for weekly, bi-weekly and monthly required.
Well qualified buyers may request an in person tour of the property. Professional photos and video tour, coming soon! Fantastic opportunity to own a Vintage Florida income producing property!

Additional Details

Nearest MSA: Tallahassee
County: Taylor
Submarket Type: Central Business District
Taxing Authority: Taylor County
Tax ID/APN: 05166-000
Zoning: COMMERCIAL
Retail Clientele: Business, Traveler, Tourist
Property Located Between: Tallahassee and Tampa on U.S. Highway 19
Property Visibility: Good
Largest Nearby Street: U.S. Highway 19
Feet of Frontage: 345
Traffic/Vehicle Count: 11,227
Highway Access: Located on U.S. Highway 19 in Perry.
Airports: Perry-Foley airport 2.3 miles, Tallahassee International airport 58 miles.
Site Description: 3.02 acres, 22 rooms with office/lobby building, area to the west of the Motel for RV camping. 3 separate total buildings.
Area Description: High traffic area! Busy corridor frequented by corporate/industry travelers and tourists. Motel is located less than half a mile from the busiest intersection in Taylor County; U.S. Highway 19 and Hampton Springs Ave. Daily traffic count of 11,227.
Nearby Attractions: 22 miles to the beaches of Taylor County! Keaton Beach, Dekle Beach, Cedar Island, Dark Island, and Hagens Cove. And just 35 miles to the growing coastal community of Steinhatchee, famous for fishing, the Fiddler Crab Festival, and Scallop Season!
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Fair
Year Built: 1950
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick, single story, 3 separate buildings.
Total Parking Spaces: 25
Parking Type: Surface
Parking Description: Paved parking, right outside of individual rooms.
Laundry: Shared
Air Conditioning: Window Unit
Internet Access: Cable
Zoning Description: Commercial
Lot Frontage: 347
Lot Depth: 320
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LEG 0003.02 ACRES COM SW COR OF NE 1/4 OF SE 1/4 RUN N 0D 34M 10S E 20.33 FT TO N RW THOMAS DEMPS LANE TH N 0D 34M 10S E 422 FT TH N 90D 00M 00S E 685.39 FT TO POB TH N 90D E 321.72 FT TO SWLY RW US 19 ON CURVE CONCAVED TO NE RADIUS OF 2596.48 FT TH ALG RW THRU CENTRAL ANGLE OF 7D 39M 45S ARC DIST 347.24 FT (CHORD BEARING & DIST S 30D 34M 39S E 346.98 FT) TH S 68D 22M 21S W 149.15 FT S 36D 34M 55S E 85.08 FT TO N RW SD LANE TH S 90D W ALG RW 222.44 FT TH N 23D 59M 41S W 461.94 FT TO POB OR 591-90 SUBJ TO TEMP ESMT IN OR 591-100 21 ROOMS

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,839 8,272 11,960
Median Age: 36.41 39.27 40.23
Households: 739 3,244 4,726

Contact

Photograph of Listing Agent

Sarah A Scott

Coldwell Banker Hartung TALrex.com Member
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