1301 S WASHINGTON AVENUE, Titusville, FL 32780

  • $1,175,000
  • $1,299,900
1301 S WASHINGTON AVENUE, Titusville, FL 32780
Canceled Completed

1301 S WASHINGTON AVENUE, Titusville, FL 32780

1301 S WASHINGTON AVENUE, Titusville, FL 32780
  • $1,175,000
  • $1,299,900

Overview

Property ID: O6220489
  • Hotel/Motel, Commercial Sale
  • Property Type
  • 4035
  • Sqft
  • 1955
  • Year Built

Description

Immaculately maintained nine-unit motel plus a single-family home, located near downtown Titusville, and just steps from the River. The part-time, live-in manager makes daily operations easy. This investment features eight themed guest rooms, a high-end, finished manager’s apartment, an office, a coin-operated laundry facility, and a housekeeper’s storage room. The live-in manager is compensated with a rent-free apartment. The brick paver parking lot, tropical landscaping, and patio seating make this an attractive place to stay.? Units are primarily rented weekly and monthly, by contract workers and local construction tradespeople, averaging 90% occupancy at $400 per week.

Included in this opportunity is a concrete block, single-family home on its own parcel, located behind the motel and rented for $2,000 per month. On-site laundry and vending machines bring in an additional $50–$75 per week, not reflected in our pro-forma.

Guests enjoy a world-class view of SpaceX rocket launches. In addition, Downtown Titusville is thriving, and offers live theater, quaint restaurants and breweries, boutique shops, bike trails, and a public boat ramp. Playalinda Beach is a quick ten-minute drive away. Walk into this turn-key property and generate a 10% yield, from day one.

Seller Financing is available for qualified buyers with 30% down.

  • Address 1301 S WASHINGTON AVENUE
  • City Titusville
  • State/county FL
  • Zip/Postal Code 32780
  • Area BAYVIEW MANOR
  • Country US

Details

Updated on November 12, 2024 at 3:21 pm
  • Property ID: O6220489
  • Price: $1,175,000
  • Property Size: 4035 Sqft
  • Land Area: 0.26 Acres
  • Garage Size: x x
  • Year Built: 1955
  • Property Type: Hotel/Motel, Commercial Sale
  • Property Status: Canceled
  • MLS#: O6220489

Additional details

  • Listing Terms: Cash,Owner Financing
  • Roof: Concrete
  • Utilities: BB/HS Internet Capable,Electricity Available,Emergency Power,Phone Available,Public,Water Connected
  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Units / Window Unit
  • County: Brevard
  • Property Type: Commercial Sale
  • Parking: Parking Spaces - 6 to 12

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