CEDAR KEY, FLORIDA
BEAUTIFUL GULF FRONT 28 UNIT MOTEL

Here's Something That Doesn't Come Along Every day!
This Is a Truly Unique Opportunity. Please Read All Details On This One!!
How Does Owning Waterfront Income Property in the Florida Keys Sound?
DO NOT MISS OUT!!!

Price $1,250,000
Possible Owner Financing With $200K Down!

873 1st Street, Cedar Key, FL 32625

Attention Cash Principals!

Email for more information on this beautiful property.
This property is approximately 60 minutes west of Gainesville, Florida.

873 1st Street, Cedar Key, FL 32625

This Beach Front Motel is a 28 room motel with the Gulf of Mexico wrapped around it!
 The motel is sitting on 11 residential water front lots and 2 inside lots.
This amazing sunset corner truly does have a stunning location.

 This site is currently an operating motel and can remain a motel, with working staff and management on site, inventory and reservations on the books.
This site has been a motel since the 1970's and has been updated and upgraded. The motel is well known on the island and has had repeat business for over nine years with the existing owner.

The business has the potential to increase the annual revenue with just a few marketing improvements.
The motel is in above average condition and can continue forward with just a few changes. The owner is willing to go over the books and speak with you regarding revenue and the potential to double the revenue with one simple marketing change. The owner is retiring and moving to North Carolina.

(picture below is the view from balcony)

Please Read Carefully, we don't want you to miss anything!

This is a 28 Unit Beach Front Motel directly on the Gulf of Mexico, in Cedar Key, Florida. We have been able to negotiate a phenomenal price on this parcel because of the owners need to free up some capital.

The complex was originally built in 1973, is two stories, concrete block, and 11,710 square feet. The parcel includes an onsite managers office as well as additional living quarters (mobile home).
There is a beautiful in-ground pool overlooking the ocean as well.

This property is currently cash flowing with a Net Operating Income of around $200,000 annually.
A 3-Year financial breakdown and sales package are available upon request. There is also a great opportunity to redevelop this parcel being that it has been approved for 13 residential lots (11 ocean front and 2 interior). There is obviously great potential here when the market turns around. We are looking for a relatively quick, cash closing on this property. Take a look at this negotiated price and please call me right away if interested. 


 
Why Is It For Sale?  SIMPLE!

The owner is retiring to South Carolina and could use some cash!

Not that it's in any trouble but this property will benefit tremendously from some good online advertising and marketing.
 

Click Here For A Map
 

Additional Terms of Service Winning bidder must contact the seller within 24 Hours after the close of the auction with proper vesting information. We have done our best to describe this property but the house is sold as is with no warranties expressed or implied. Entire funds to be transferred within 3 business days via wire transfer, money order, cash or bank check only. (special auction, negotiable settlement terms apply) BUYER PAYS CLOSING COSTS. FREE AND CLEAR TITLE. NO LIENS OR BACK TAXES OF ANY KIND. THE BUY IT NOW OPTION OF $1,250,000 IS ONLY VALID UNTIL A BID IS PLACED. ONCE A BID IS PLACED THE UNIT WILL BE SOLD TO THE HIGHEST BIDDER REGARDLESS OF PRICE EVEN IF THE PRICE EXCEEDS THE ORIGINAL "BUY IT NOW" PRICE OF $1,250,000. All information is deemed reliable but not guaranteed. Please feel free to inspect this property anytime prior to auction close. Cash Sale only! The Seller offers the Property for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of the Property. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding the Property. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone. General Refund Policy Buyer acknowledges and verifies that he/she has carried out the necessary due diligence to purchase, as properties are sold "as is". As such, all sales are final, and refunds will not be granted.

Thanks for looking, please

 email us with any further questions

Serious inquiries only please.