Independent Motel with 13
1306 S 14th St Leesburg, FL 34748
1306 S 14th St, Leesburg, FL, 34748
$799,000
For Sale
$799,000
Independent 13-room motel with on-site parking and an owner/manager apartment, offered with FF&E and operating assets.
Property Size5,603 SF
Lot Size0.60 Acres
Price / SF$142.60
Days on Market72
Property Features for 1306 S 14th St
General Information
- Standard status
- Active
- Size
- 5,603 SF
- Lot size
- 0.60 Acres
Listing agency
FLORIDA HOMES REALTY & MORTGAGE
(352) 328-7896
Listed by
Safal Desai
(352) 328-7896
Source
Exprealty
Added: May 12 Updated: Jul 21 at 5:07PM Checked: Jul 21 at 5:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FLORIDA HOMES REALTY & MORTGAGE
Investment Insights
Based on property information with market context.
This independent motel property includes 13 rooms and approximately 5,603 SF of accommodation on about 0.60 acres. The offering includes an owner/manager apartment on-site, along with on-site parking. Multiple larger units are part of the room mix, and the sale is structured to include the real estate plus FF&E, motel name, goodwill, and operating assets. The property is sold AS-IS, and buyers are instructed to independently verify financials, zoning, licensing, occupancy, room count, and other due diligence items.
Located on the high-visibility US-27 / S 14th St corridor, the property is described as having strong frontage exposure and excellent accessibility. It is positioned near Downtown Leesburg and within the broader Leesburg area, including proximity to Lake Harris, UF Health Leesburg Hospital, retail corridors, restaurants, and major Central Florida travel routes.
Showings are by appointment only, and the owner or guests are not to be disturbed.
Located on the high-visibility US-27 / S 14th St corridor, the property is described as having strong frontage exposure and excellent accessibility. It is positioned near Downtown Leesburg and within the broader Leesburg area, including proximity to Lake Harris, UF Health Leesburg Hospital, retail corridors, restaurants, and major Central Florida travel routes.
Showings are by appointment only, and the owner or guests are not to be disturbed.
Key Highlights
- 13‑room independent motel (Candlelight Motel) with on‑site parking and an owner/manager apartment included
- Approximately 5,603 SF on ~0.60 acres, located on the US‑27 / S 14th St corridor
- Sale includes real estate, FF&E, motel name, goodwill, and operating assets
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.9k | $18.00 |
| − Vacancy | −$10.1k | −$1.80 |
| EGI | $90.8k | $16.20 |
| − OpEx | −$47.7k | −$8.51 |
| NOI | $43.1k | $7.69 |
5,603 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$615.9K
$538.9K – $718.6K
NOI $43,115 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.40M – $1.86M
NOI $111,612 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Candlelight Motel
Hotel & Motel
Similar For Sale Nearby
Similar Off Market Nearby
- Candlelight Motel — 1306 S 14th St, Leesburg, FL 34748
- Made In America — 712 S 14th St, Leesburg, FL 34748
- The Venetian Center — 1 Dozier Cir, Leesburg, FL 34748
- Town Place Suites — 238 eagles watch street, leesburg, fl 34748
- Best Value Inn Hospitality — 1412 S 14th St, Leesburg, FL 34748
FAQs
What type of property is this?
Motel - Independent 13-room motel with on-site parking and an owner/manager apartment, offered with FF&E and operating assets.
Where is this motel located?
The property is located at 1306 S 14th St Leesburg, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 13‑room independent motel (Candlelight Motel) with on‑site parking and an owner/manager apartment included; Approximately 5,603 SF on ~0.60 acres, located on the US‑27 / S 14th St corridor; Sale includes real estate, FF&E, motel name, goodwill, and operating assets
