Strain-Pabotoy Real Estate Team - Coldwell Banker Schmitt
92530 Overseas Highway
Key Largo, FL 33070

$5,200,000

Description

Incredible opportunity to own one of the 25 Best Small Hotels in the USA according to Trip Advisor for 2012-2017. The property is located in Tavernier FL in the Florida Keys! The 10 unit hotel has had 18 years of successful operation by current owner. This is a ''turn key'' property with great cash flow to ensure a smooth transition with no closing of business. Best of all there are many opportunities for additional revenue making this an ideal purchase. Great pluses for purchase 10 units plus manager's quarters provides for ease of operation with small staff (5) needed, alleviating the problem of staff support. This hotel has received many awards most notably The 25 Most Romantic Hotels in the USA from 2012 -2017 and the #1 booking hotel in Key Largo (Trip Advisor, Booking.com)

Details

MLS#581498
StyleHospitality
Sub-TypeResale
StatusActive
Year1955
Days On Site69

Features

Story(s)1
Units10
ZoningSC - Sub Urban Commercial Distri

Market Activity 33070

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Area Information

StateFL
CountyMonroe
CityKey Largo
Zip Code33070
AreaKey Largo
Listing VS Median (in 33070)
Price:
$5,200,000
low | high
Med:
$550,000
100% of Average
On Site:
69
low | high
Med:
51
100% of Average
Listing Updated: 10/23/2018
MLS Number: 581498
Listing Provided By:
Susan K Recarey  of  American Caribbean Real Estate - Key Largo