460 Lane AveJacksonville, FL 32254

This exceptional 76-key motel in Jacksonville, Florida, presents a lucrative investment opportunity. Located at 460 Lane Ave S, in Duval County, zip code 32254 (30.3181755, -81.7536899), this property boasts a strong pro-forma NOI of $750,000, translating to an attractive pro-forma cap rate of 13.64%. The asking price is $5,500,000. The motel's convenient location near downtown Jacksonville offers significant potential for increased occupancy and revenue. Furthermore, the property includes additional undeveloped land, presenting exciting possibilities for future expansion or development, adding considerable value to the investment. This is a rare chance to acquire a well-established hospitality asset with substantial upside potential in a thriving Florida market. The property is classified as a motel within the hospitality sector. Detailed financial information is available upon request. This is a turnkey operation ready for a new owner to step in and capitalize on its existing success and future growth opportunities. Don't miss this chance to own a piece of Jacksonville's vibrant hospitality scene.