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6480 MIAMI DR Indian Lake Estates, FL 33855
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Key Details
Sold Price $800,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 8,880 sqft
Price per Sqft $90
Subdivision Indian Lake Estates
MLS Listing ID O6137196
Sold Date 08/25/23
HOA Y/N No
Originating Board Stellar MLS
Year Built 1958
Annual Tax Amount $5,669
Lot Size 0.860 Acres
Acres 0.86
Lot Dimensions 150x250
Property Description
THE BA Extended Stay is a 17 room motel + managers suite off of popular SR 60. THE BA Extended Stay is fully operational! This property is off a main road with Florida's Turnpike coming in one way and off I-27 the opposite direction. Current setup of the motel on the front side is 9 double occupancy rooms of at least 300+ sq ft, the back side is 3 kitchenette rooms, 3 large living room suites, 2 extra large rooms of at least 400+ sq ft, and in addition, 1 office and 1 manager's apartment. Roof on the motel was replaced in September 2021. ***14.67%*** ROI ON FULL ASK!!! CURRENTLY BEING RENTED ON A MONTHLY BASIS, WITH ROOMS UNFURNISHED.
Location
State FL
County Polk
Community Indian Lake Estates
Zoning PUD
Interior
Cooling Wall/Window Unit(s)
Exterior
Waterfront false
Building
Story 1
Foundation Slab
Lot Size Range 1/2 to less than 1
Structure Type Concrete
New Construction false
Others
Ownership Corporation
Special Listing Condition None
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