1301 Washington Ave Titusville, FL 32780
Florida Motel - 10 Keys, High ROI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Meticulously maintained 10-key motel in Titusville, FL with 90% occupancy and $400 average weekly revenue.
- Located on a 0.26-acre lot at 1301 S Washington Ave, Titusville, FL 32780, with two buildings totaling 4,035 square feet.
- Includes eight themed guest rooms, manager's apartment, office, coin-operated laundry, and housekeeper storage; plus a separate single-family home rented for $2,000/month.
- Features brick paver parking (one space per unit), landscaping, and patio seating; additional income from laundry and vending machines ($50-$75 weekly).
- Prime location near downtown Titusville, offering proximity to the river, SpaceX, Playalinda Beach, and local amenities; $130,000 pro-forma NOI, 11.06% cap rate.
- Asking price: $1,175,000 ($117,500 per key, $291.20/sq ft); seller financing available with 30% down.
Property Details for 1301 Washington Ave
- Property type
- Hospitality properties, Motels
- Square Feet
- 4,035 SF
- Year Built
- 1955
- Buildings
- 2
- Stories
- 1
- Lot Size (sq. ft)
- 11,326 SF
Location Insight
- City
- Titusville
- County
- Brevard
- State
- Florida
- Latitude
- 28.6005813
- Longitude
- -80.8072318
Nearby Similar for Sale
FAQs
- What type of property is this?
- Hospitality property - Florida Motel - 10 Keys, High ROI
- Where is the hospitality property located?
- The property is located at 1301 Washington Ave Titusville, FL.
- What is the asking price?
- The asking price for this property is $1,175,000.
- What are key features of this property?
- This property features: Meticulously maintained 10-key motel in Titusville, FL with 90% occupancy and $400 average weekly revenue.; Located on a 0.26-acre lot at 1301 S Washington Ave, Titusville, FL 32780, with two buildings totaling 4,035 square feet.; Includes eight themed guest rooms, manager's apartment, office, coin-operated laundry, and housekeeper storage; plus a separate single-family home rented for $2,000/month.
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