Offered for sale is a 21-unit, family-friendly, independent motel with exterior corridors. The property is situated in a lush, tropical setting in a great location on U.S. Highway 1 in the center of Marathon Key. This motel has excellent TripAdvisor ratings and has received the Certificate of Excellence. Well maintained. Strong cash flow with a Capitalization Rate of 8.
All the rooms have been recently renovated and come with a refrigerator, microwave and coffee maker, are smoke free with free, very fast wireless internet. Swimming pool is heated and cooled.
There are 3 buildings. Building #1 contains 10 units, Building #2 contains 8 units, and Building #3 contains 3 units.
The motel is located near the town's center, close to many attractions including restaurants, shopping, scuba diving, snorkeling, fishing charters, etc. Fine dining restaurants, grocery stores, live theatre, movies and fast food restaurants are all located within walking distance from the motel.
Asking Price $4,300,000
Sales Available On Request
Profit Available On Request
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