$4,100,000
St. Augustine, FL
MLS# 811850
Status: Closed
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Property Description
Investors and business owners, this exceptional piece of property has been owned and operated by the same owners for over 43 years! This traditional motel built in 1959, offers sweeping water views of the Matanzas River (Intra-Coastal Waterway) opening to the Atlantic Ocean and is located in historic downtown St. Augustine! 31 rooms, in ground pool and private parking is just the beginning and all just one block from the downtown center. February 5th, 2015 article Money Spent on Lodging Hits All Time High! INCREASE OF 9.9% OVER THE PAST YEAR!
Details
Maps
Contract Information
Current Price: $4,100,000
Sold Price: $4,100,000
Status: Closed
Listing Contract Date: 2016-02-03
Property Sub Type: Mixed Use
Location Tax and Legal
Street Number: 120
Street Name: AVENIDA MENENDEZ
County: St. Johns
State: FL
MLS Area Major: 322-Downtown St Augustine
General Property Information
Number Of Units Total: 31
Building Area Total: 15314
Year Built: 1959
Water Body Access YN: No
Waterfront YN: Yes
Stories Total: 2
Directions: From Bridge of Lions go South on Avenida Menendez, property is on right across from City Yacht Harbor.
Public Remarks: Investors and business owners, this exceptional piece of property has been owned and operated by the same owners for over 43 years!
This traditional motel built in 1959, offers sweeping water views of the Matanzas River (Intra-Coastal Waterway) opening to the Atlantic Ocean and is located in historic downtown St. Augustine!
31 rooms, in ground pool and private parking is just the beginning and all just one block from the downtown center.
February 5th, 2015 article Money Spent on Lodging Hits All Time High! INCREASE OF 9.9% OVER THE PAST YEAR!
List Price/SqFt: 280.79
Sold Price/SqFt: 267.73
Status Change Information
Major Change Timestamp: 2016-07-08T19:35:13Z
Major Change Type: Status Change
Purchase Contract Date: 2016-04-22
Close Date: 2016-07-08
Close Price: 4100000
Historical Information
Public Historical Remarks 1: Road Surface: Asphalt Road, Lot Location-Downtown: Y, Possible Financing-1031 Exchange: Y, Approx. Total SqFt: 19643.00, Number of Units: 21 - 50 Units
Public Historical Remarks 2: Number of Buildings: 1 Building, Ceiling Height: 8' - 10' Ceilings
Public Historical Remarks 3: Current Zoning: Hotel/Motel
Property Features
Building Features: Pool
Construction Materials: Concrete
Cooling: Window Unit(s)
Current Use: Commercial; Hotel/Motel
Electric: 220 Volts
Listing Terms: Cash; Conventional
Lot Features: Irregular Lot
Parking Features: Guest; Parking Lot
Possession: Subject To Tenant Rights
Roof: Shingle
Sewer: Public Sewer
Utilities: Cable Connected
Water Source: Public
Waterfront Features: Intracoastal; Navigable Water; Ocean Front; River Front
Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Last Updated: December - 28 - 2024
Information deemed reliable but not guaranteed.