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
Overview
Description
Listing Details MLS# 1101033
General Property Information
- Number Of Units Total
- 11
- Building Area Total
- 4079
- Year Built
- 1953
- Lot Size Acres
- 0.94
- 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.
- List Price/SqFt
- 241.48
- Sold Price/SqFt
- 230.45
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
Contract Information
- 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
Income and Expenses
- Gross Income
- 176400
More Information
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
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
- Yes
- Concrete
- Yes
Cooling
- Wall/Window Unit(s)
- Yes
Current Use
- Hotel/Motel
- Yes
- Multi-Family
- Yes
Listing Terms
- Other
- Yes
Sewer
- Public Sewer
- Yes
Water Source
- Public
- Yes
Business Type
- Hotel/Motel
- Yes
Sale Includes
- Building & Land
- Yes
Listing Office:
EXP Realty LLC
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.