1204 N Dixie, New Smyrna Beach, FL 32168
$940,000
Property Type:
Commercial Sale
Square Footage:
4,079
Lot Size (sq. ft.):
40,946
Status:
Closed
Current Price:
$940,000
List Date:
9/05/2022
Last Modified:
9/28/2024
Description
Over 14% Cap Rate!
100% occupancy for the past 2.5 years, Long term weekly paying tenants on a ''month to month'', 25,000 + cars daily traffic, in the Redevelopment District of New Smyrna Beach, and massive growth opportunity with the cleared backside of the property.
More Information MLS# 1101033
General Property Information
Lot Size Acres: 0.94
Number Of Units Total: 11
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: south on US1 past NSB Airport, property on right
Public Remarks: Over 14% Cap Rate!
100% occupancy for the past 2.5 years, Long term weekly paying tenants on a ''month to month'', 25,000 + cars daily traffic, in the Redevelopment District of New Smyrna Beach, and massive growth opportunity with the cleared backside of the property.
Building Area Total: 4079
List Price/SqFt: 241.48
Sold Price/SqFt: 230.45
Year Built: 1953
Location, Tax, and Legal
Country: US
Parcel Number: 743806000051
Tax Annual Amount: 5531.34
Tax Year: 2021
Tax Legal Description: S 101 FT OF E 240 FT OF LOT 5 & N 69 FT OF E 240 FT OF LOT 6 EXC RD RWY SMYRNA ESTS TODD & HULL GRANT MB 11 PG 106 PER OR 5180 PG 2515 PER OR 6415 PG 0807
Currently Not Used
Year Built: 1953
Construction Materials
Block: 1
Concrete: 1
Cooling
Wall/Window Unit(s): 1
Current Use
Hotel/Motel: 1
Multi-Family: 1
Income and Expenses
Gross Income: 176400
Listing Terms
Other: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Business Type
Hotel/Motel: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: # Parking: 12; Included in Sale: Business Name; Parking: Paved; SqFt - Total: 5299.00; Site Improvements: Curb/Sidewalks, Outbuilding; Confidential Listing: N; % Occupancy: 100.00; Commercial Property Name: BLue Heron Motel; Franchise Opt In: Yes
Contract Information
Current Price: $940,000
Sold Price: $940,000
Status: Closed
Listing Contract Date: 2022-09-05
Property Sub Type: Business
Location Tax and Legal
Street Number: 1204
Street Direction Prefix: N
Street Name: Dixie
County: Volusia
State: FL
Postal Code: 32168
MLS Area Major: 70 - New Smyrna Beach E of 95
Status Change Information
Major Change Timestamp: 2022-12-14T20:18:24Z
Major Change Type: Status Change
Purchase Contract Date: 2022-09-21
Close Date: 2022-12-13
Close Price: 940000
Property Features
Business Type: Hotel/Motel
Construction Materials: Block; Concrete
Cooling: Wall/Window Unit(s)
Current Use: Hotel/Motel; Multi-Family
Listing Terms: Other
Sale Includes: Building & Land
Sewer: Public Sewer
Water Source: Public
Listing Office:
EXP Realty LLC
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.