138 S Dixie Highway

    Lantana, FL 33462
    • $1,900,000
    • STATUS: Active
    • ON SITE: 644 days
    • MLS #: RX-10403537
    UPDATED: 38 min ago
    $1,900,000
    • 0
      BEDS
    • 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,911
      SQFT
    • $275
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1952
    County:
    Area:

    School Ratings & Info

    Description

    This sale includes land, buildings and business. Currently an owner-operated motel with 19 rooms plus single family house and office. This .50 acre commercial site on the northeast corner of S. Dixie Highway and W Pine St. It enjoys two access points, plenty of parking area, with high vehicle and pedestrian daily traffic. Located in a GROWING submarket just 1.2 miles from the I95 and .09 miles from the Lantana beach, South Palm Beach and Manalapan.Capital improvements include two year new DUCTLESS A/C WITH HEAT UNITS, DOUBLE PANE WINDOWS,NEWLY REPLACEMENT ROOM DOORS and CONTACTLESS RF STYLE DOOR LOCKS. TURNKEY OPERATION. OWNER FINANCING AVAILABLE with approval.

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    © 2019 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-11-14T16:03:21.3.
    www.castellihomes.com/homes/80576585

    138 S Dixie Highway Lantana, FL 33462

    • Price: $1,900,000
    • Status: Active
    • Updated: 38 min ago
    • MLS #: RX-10403537
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.5
    Acres
    6,911
    SQFT
    $275
    $/SQFT
    1952
    Built
    Neighborhood:
    Lantana Point
    County:
    Palm Beach
    Area:
    Lantana
    Property Description
    This sale includes land, buildings and business. Currently an owner-operated motel with 19 rooms plus single family house and office. This .50 acre commercial site on the northeast corner of S. Dixie Highway and W Pine St. It enjoys two access points, plenty of parking area, with high vehicle and pedestrian daily traffic. Located in a GROWING submarket just 1.2 miles from the I95 and .09 miles from the Lantana beach, South Palm Beach and Manalapan.Capital improvements include two year new DUCTLESS A/C WITH HEAT UNITS, DOUBLE PANE WINDOWS,NEWLY REPLACEMENT ROOM DOORS and CONTACTLESS RF STYLE DOOR LOCKS. TURNKEY OPERATION. OWNER FINANCING AVAILABLE with approval.
    Exterior Features

    Construction Cbs Miles To Beach 1 Miles To Expressway 1 Roof Tar/Gravel Waterfront Description None Waterfront YN No

    Interior Features

    Bath Toilets 20.00 Ceiling Height 8 Cooling Ceiling FanCentral IndividualElectric Flooring CarpetTile Heating Central IndividualElectric Miscellaneous1 FencedSprinkler City Miscellaneous2 Manager On PremisesOfficeTraffic Heavy Offices 1 Percent Air Conditioned 20.00

    Property Features

    Available Docs NoneOccupational License Available Info Books & RecordsContractsEquipment InventoryInventoryOwner ManagedPersonal Prop InvPhotos Built Desc Resale Expenses Accounting And Legal 1484.00 Expenses Insurance 3271.00 Expenses Maint And Repair 8937.00 Expenses Real Estate Taxes 13368.00 Expenses Service 40000.00 Expenses Supplies 5000.00 Expenses Total Expenses 103858.00 Expenses Utilities 31797.00 Fire Protection Smoke AlarmSmoke Detector For Lease No For Sale Yes Lease None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location City Meters 13.00 Monetary Info Gross Oper Income 261848.00 Monetary Info Inc Exp Stmnt Period 1 Yr Monetary Info Net Oper Income 157990.00 Monetary Info Source Of Expenses Books Monetary Info Total Expenses 103858.00 Monetary Info Total Mrtg Balance 0.00 Monetary Info Ttl Assume Loans 0.00 Possession At Closing Sale Includes Building And LandEquipmentFixturesFurnitureInventoryMachineryTools Security Security LightSecurity Sys-OwnedTv Camera Special Info Corporate Owned Tax Amount Real Estate Taxes 13349.60 Tax Year 2017 Tenant Pays None Terms Considered CashConventionalOwner Type Of Building CommercialFree StandingHotel / MotelIncome Use Hotel/ MotelIncome Utilities CableElectricPublic SewerPublic Water

    Listing provided courtesy of 561REALTY.COM.

    © 2019 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-11-14T16:03:21.3.
     
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