1161-1199 N Dixie Fwy, New Smyrna Beach, FL 32168
$1,750,000
Property Type:
Commercial Sale
Square Footage:
8,215
Lot Size (sq. ft.):
52,272
Status:
Closed
Current Price:
$1,750,000
List Date:
8/29/2022
Last Modified:
9/28/2024
Description
THIS ENTIRE SUBJECT CONSISTS OF 2 SEPARATE PARCELS, A MOTEL/''B-3'' ZONED COMMERCIAL PROPERTY THAT WAS INITIALLY BUILT IN 1949, AND A VACANT ~16,500 SF LAND PARCEL THAT IMMEDIATELY ABUTS JUST TO THE NORTH GIVING 300 FT OF FRONTAGE ON US HWY 1. THE MOTEL PROPERTY MAINTAINS TWO BASIC STRUCTURES, WHICH ENTAILS BOTH A 14 UNIT LODGING FACILITY WITH VARIOUS SIZED EFFICIENCIES ALL CONSTRUCTED OF 4'' 'MASONRY' BLOCK WITH WOOD FRAMED TRUSSES ALONG WITH THE ORIGINAL CLAY 'BARREL' TILE ROOFING SYSTEM STILL IN PLACE. THE SECOND BUILDING ENCOMPASSES AN ~3,104 SF TWO-STORY MIXED COMMERCIAL & RESIDENTIAL UNIT THAT IS OWNER-OCCUPIED WITH THE MOTEL'S OFFICE AND POOL FACILITY SITUATED OUT IN FRONT OF THE PROPERTY.
More Information MLS# 1100796
General Property Information
Lot Size Acres: 1.2
Association YN: No
Water Body Access YN: No
Waterfront YN: Yes
Directions: NORTH ON U.S. HWY 1 FROM CANAL STREET ~1.3 MILES, THE MOTEL PROPERTY AND ITS VACANT PARCEL ARE LOCATED TO YOUR RIGHT.
Public Remarks: THIS ENTIRE SUBJECT CONSISTS OF 2 SEPARATE PARCELS, A MOTEL/''B-3'' ZONED COMMERCIAL PROPERTY THAT WAS INITIALLY BUILT IN 1949, AND A VACANT ~16,500 SF LAND PARCEL THAT IMMEDIATELY ABUTS JUST TO THE NORTH GIVING 300 FT OF FRONTAGE ON US HWY 1. THE MOTEL PROPERTY MAINTAINS TWO BASIC STRUCTURES, WHICH ENTAILS BOTH A 14 UNIT LODGING FACILITY WITH VARIOUS SIZED EFFICIENCIES ALL CONSTRUCTED OF 4'' 'MASONRY' BLOCK WITH WOOD FRAMED TRUSSES ALONG WITH THE ORIGINAL CLAY 'BARREL' TILE ROOFING SYSTEM STILL IN PLACE. THE SECOND BUILDING ENCOMPASSES AN ~3,104 SF TWO-STORY MIXED COMMERCIAL & RESIDENTIAL UNIT THAT IS OWNER-OCCUPIED WITH THE MOTEL'S OFFICE AND POOL FACILITY SITUATED OUT IN FRONT OF THE PROPERTY.
Building Area Total: 8215
Lot Size Dimensions: 300x157
List Price/SqFt: 237.37
Sold Price/SqFt: 213.02
Year Built: 1949
Location, Tax, and Legal
Country: US
Parcel Number: 7438-01-00-0070
Tax Annual Amount: 6737
Tax Year: 2021
Tax Legal Description: Lots 7 & 8, less R/W for U.S. Highway No.1, of HOWARD SUBDIVISION, according to plat thereof, recorded in Map Book 11, PG 150 & Lot 9, of HOWARD SUBDIVISION, according to plat thereof, recorded in Map Book 11, Page 150, less R/W in Book 32, Page 189 and O.R. Book 47, PG 228 of the PRVCF
Zoning Description: Other
Currently Not Used
Year Built: 1949
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Wall/Window Unit(s): 1
Other: 1
Current Use
Hotel/Motel: 1
Electric
200+ Amp Service: 1
Heating
Central: 1
Other: 1
Road Frontage Type
City Street: 1
Highway: 1
Other: 1
Security Features
Fire Sprinkler System: 1
Sewer
Public Sewer: 1
Utilities
Separate Electric Meters: 1
Separate Water Meters: 1
Water Source
Public: 1
Building Features
Ceiling Eve Height: 7 - 10 Feet High
Maximum Ceiling Height: 8
Vac Off/Retail SqFt: 175
Business Type
Commercial: 1
Hotel/Motel: 1
Mixed: 1
Professional Service: 1
Professional/Office: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): B-3 HWY BUS SERV; Bldg Type/Location: Free Standing; # Parking: 28; Included in Sale: Signs - Owned; Meters: # Electric Meters: 2, # Water Meters: 1; Parking: Lighted, Paved; SqFt: Max Area: 8215; SqFt - Total: 8215.00; Site Improvements: Curb/Sidewalks, Waterview; Confidential Listing: N; Highway Access: US HWY 1; Road Frontage: 300.00; Depth: 157.00; Financial Package: No; Franchise Opt In: No; Current # Tenant: 0.0000
Contract Information
Current Price: $1,750,000
Sold Price: $1,750,000
Status: Closed
Listing Contract Date: 2022-08-29
Property Sub Type: Business
Location Tax and Legal
Street Number: 1161-1199
Street Direction Prefix: N
Street Name: Dixie Fwy
County: Volusia
State: FL
Postal Code: 32168
MLS Area Major: 70 - New Smyrna Beach E of 95
Status Change Information
Major Change Timestamp: 2023-05-23T15:44:25Z
Major Change Type: Status Change
Purchase Contract Date: 2022-12-05
Close Date: 2023-05-23
Close Price: 1750000
Property Features
Business Type: Commercial; Hotel/Motel; Mixed; Professional Service; Professional/Office
Construction Materials: Block; Concrete
Cooling: Central Air; Wall/Window Unit(s); Other
Current Use: Hotel/Motel
Electric: 200+ Amp Service
Heating: Central; Other
Road Frontage Type: City Street; Highway; Other
Sale Includes: Building & Land
Security Features: Fire Sprinkler System
Sewer: Public Sewer
Utilities: Separate Electric Meters; Separate Water Meters
Water Source: Public
Listing Office:
NSB Homes LLC
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.