, Pompano Beach, FL 33062 (MLS# H929525)

Overview

Description

BEACHSIDE MOTEL LOCATED DIRECTLY ON A1A, STEPS TO OCEAN, GREAT POMPANO BCH LOCATION, OPERATING YEAR ROUND, LOTS OF TROPICAL FOLIAGE ON HUGE HALF ACRE CORNER LOT, ROOM TO EXPAND, WALK TO SHOPS, RESTS, BOARDWALK, CLOSE TO EVERYTHING! POMPANO BCH TRENDING WI TH NEW DEVELOPMENT IN AREA, SAME OWNER 20 YRS READY TO RETIRE, EASY TO SHOW BY APPT ONLY. PLEASE DO NOT WALK THE PROPERTY OR DISTURB RESIDENTS WITHOUT LA.

General Property Information

Number Of Buildings: 2
Property Sub Type: Hotel/Motel
Number Of Units Total: 16
Price Per Unit: 118000
Occupant Type: Call Listing Agent
Building Area Main: 22523
Year Built: 1946
Parking Total: 18
Lot Size Area: 22523
Lot Size Acres: 0.52
Stories Total: 2

Property Features

Ceiling: Ceiling Height Varies Documents Available: Other Available Information; Owner Managed; Personal Property Inventory Electric: Separate Meters Flooring: Carpet; Tile; Other Heating: Other Location of Property: Central Business District; City Location; Corner Unit Parking Features: Accessible Parking; Common; Free Possession: Negotiable Property Condition: Resale Sale Includes: Fixtures; Furniture Construction Materials: Block; Frame; Other Cooling: Reverse Cycle; Wall/Window Unit(s) Listing Terms: Cash Roof: Composition; Shingle; Other Security Features: Smoke Detector(s); Other Sewer: Public Sewer Structure Type: Hotel/Motel; Warehouse Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent Contingencies: None

Contract Information

Comp Sale YN: No
Original List Price: 2000000

Location and Legal

County Or Parish: Broward
County Parish Name: Broward
City Name: Pompano Beach
State Or Province: FL
Postal Code: 33062
Postal Code +4: 5809
Geographic Area: NBEA - North Broward Ocean To Intracoastal (3111-3121)
Subdivision Number: 6
Zoning: RM20
Directions: FROM 1-95 EXIT ATLANTIC BLVD >> HEAD EAST TO A-1-A (OCEAN BLVD)>> TURN RIGHT (SO) PROPERTY ON RIGHT.
Property Description: Beachside Motel on A-1-A

Financial Information

Tax Annual Amount: 20542
Tax Year: 2014
Tax Assessed/SOH Value: 955730
Tax Legal Description: BLOUNT BROS POMPANO BEACH SUB 2-43 B LOT 2 TO 4 BLK 9
Assessor Market Value: 1175830

Status Change Information

Major Change Timestamp: 2016-06-01T12:56:15Z
Major Change Type: Status Change
Status Change Date: 2016-07-31
Under Contract Date: 2016-04-01
Close Date: 2016-06-01
Close Price: 1850000
Buyer Financing: Conventional

More Information

Building and Property Details

# Of Offices: Yes

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Inc/Exp Statement Period: 2014

Concessions

Seller Concessions: No

Price Calculations

Current Price To SqFt: 82.14
Original List Price To Close Price: 0.92

Section Details

Parcel Number MLX: 0800

Originating Details

Originating System Key: 274320436
Originating System ID: M00000170