For Sale
$3,500,000

19663 Us Highway 441 High Springs, FL 32643

19-Key Motel, High Springs, FL - $3.5M

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional turnkey motel opportunity in High Springs, Florida, presents a compelling investment prospect. Located at 19663 NW US Hwy 441, this established property boasts 19 oversized guest units and two owner suites, totaling 23 beds across 7,370 square feet. Built in 1948, the property comprises two single-story buildings situated on a generous 1.96-acre lot. The C3 zoning allows for a variety of potential uses and expansions, enhancing the property's long-term value. The motel enjoys a prime location just five minutes from the renowned Ginnie Springs, a significant draw for tourists and outdoor enthusiasts. The property's strong financial performance is highlighted by a Pro-Forma NOI of $275,000 and a 7.86% Pro-Forma Cap Rate, indicating a healthy return on investment. The asking price is $3,500,000. The seller is motivated and open to offers. This well-maintained property shows no deferred maintenance, making it an ideal acquisition for an investor seeking immediate cash flow and significant upside potential. The property is ready for a new owner to step in and continue its success. Alachua County location provides access to a thriving tourism market.

Highlights

  • Turnkey motel investment opportunity in High Springs, FL.
  • 19 oversized guest units + 2 owner suites (23 beds total), 7,370 SF on 1.96 acres.
  • C3 zoning allows for diverse uses and expansion.
  • Prime location, 5 minutes from Ginnie Springs.
  • Strong financials: $3,500,000 asking price, $275,000 Pro-Forma NOI, 7.86% Pro-Forma Cap Rate.

Property Details for 19663 Us Highway 441

Property type
Hospitality properties, Motels
Square Feet
7,370 SF
Year Built
1948
Buildings
2
Stories
1
Lot Size (sq. ft)
85,378 SF

Location Insight

City
High Springs
County
Alachua
State
Florida
Latitude
29.8356366
Longitude
-82.5989621

FAQs

What type of property is this?
Hospitality property - 19-Key Motel, High Springs, FL - $3.5M
Where is the hospitality property located?
The property is located at 19663 Us Highway 441 High Springs, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Turnkey motel investment opportunity in High Springs, FL.; 19 oversized guest units + 2 owner suites (23 beds total), 7,370 SF on 1.96 acres.; C3 zoning allows for diverse uses and expansion.
How can I contact the broker?
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19663 Us Highway 441
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