Orange Blossom Motel | 17575 N US Highway 301
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Orange Blossom Motel 17575 N US Highway 301
22 Room Hotel Citra, FL 32113 £1,291,043 (£58,684/Room)
Executive Summary
This offering is a combination of a 13-Unit Motel and a 10-space RV
park on 3.5-acre MOL. Also included is a 1600 SF doublewide
“2001” 3/2 MH. The bathhouse is located near the RV sector.
The motel needs a little TLC and the park could use some paving.
Factored into the projections is $150,000 for upgrades and repairs
within year 1 of new ownership. Also, factored in is an increased
income due to these upgrades and beginning in year 2, that would
include $48,000 in average gross annual income on RV lot rents at
$500/mo and $208,000 annual gross revenue for the motel
offering $55 ADR. Expected annual occupancy for both the Motel
and RV park is 80%.
This offering includes:
3.5-Acres MOL (Zoned B-4)
13 Unit Motel (8,266 SF – Built 1953)
Newer Roof: 2017 Exterior Paint: 2023
Septic/Well
10-Sp RV Park
1 Doublewide MH
Current Income:
$153,740 Gross Revenue
$83,579 NOI
RV Expansion Opportunity: The owner has indicated there is an
opportunity to expand the RV sector of this property to 10 more
spaces.
park on 3.5-acre MOL. Also included is a 1600 SF doublewide
“2001” 3/2 MH. The bathhouse is located near the RV sector.
The motel needs a little TLC and the park could use some paving.
Factored into the projections is $150,000 for upgrades and repairs
within year 1 of new ownership. Also, factored in is an increased
income due to these upgrades and beginning in year 2, that would
include $48,000 in average gross annual income on RV lot rents at
$500/mo and $208,000 annual gross revenue for the motel
offering $55 ADR. Expected annual occupancy for both the Motel
and RV park is 80%.
This offering includes:
3.5-Acres MOL (Zoned B-4)
13 Unit Motel (8,266 SF – Built 1953)
Newer Roof: 2017 Exterior Paint: 2023
Septic/Well
10-Sp RV Park
1 Doublewide MH
Current Income:
$153,740 Gross Revenue
$83,579 NOI
RV Expansion Opportunity: The owner has indicated there is an
opportunity to expand the RV sector of this property to 10 more
spaces.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,291,043 | Building Size | 6,064 SF |
| Price Per Room | £58,684 | No. Rooms | 22 |
| Sale Type | Investment | Number of Floors | 1 |
| Property Type | Hospitality | Year Built | 1953 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 9.24/1,000 SF |
| Lot Size | 3.50 AC | Corridor | Exterior |
| Price | £1,291,043 |
| Price Per Room | £58,684 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.50 AC |
| Building Size | 6,064 SF |
| No. Rooms | 22 |
| Number of Floors | 1 |
| Year Built | 1953 |
| Tenancy | Single |
| Parking Ratio | 9.24/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wi-Fi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 22 | £28.95 | - |
PROPERTY TAXES
| Parcel Number | 03659-000-00 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £284,056 |
PROPERTY TAXES
Parcel Number
03659-000-00
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£284,056
zoning
| Zoning Code | B-4 |
| B-4 |
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Orange Blossom Motel | 17575 N US Highway 301
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