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6490 S Us Highway 1 Port St Lucie, FL 34952

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For Sale
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Profitable motel with recent upgrades near beaches and amenities.

Property size:
5,826 SF

Property Features for 6490 S Us Highway 1

General Information

Standard status
Active
Zoning
Comm Genra
Size
5,826 SF

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Listing Contact
Justin Poritzky
Source: Crexi

Listing Agency: eXp Realty Orlando Listing Agent: Justin Poritzky

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Rainbow Motel: Turnkey Investment Opportunity

The Rainbow Motel features 13 units available as weekly rentals. One of the units is a full 2-bedroom apartment, and the other 12 units are efficiencies. The property brought in a total net operating income of $225,000 for 2023. Since the current owner purchased the property, major upgrades have been completed. A majority of the units have been completely upgraded, including flooring, kitchens, paint, and bathrooms. The motel offers amenities such as in-room refrigerators, microwaves, guest laundry, and ADA-accessible rooms. The property is sited in close proximity to beaches, golf clubs, shopping centers, and restaurants. The property size is 5,826 square feet.
Location Intelligence

Current Use by Public Records

Motels

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

The Venue and Events @ St Lucie Square, Card House Port St Lucie, Rainbow Rentals

Location Insight

  • Map
  • Local Demand
City
Port St Lucie
County
St. Lucie
State
Florida
Longitude
-80.325371
Latitude
27.346984

FAQs

What type of property is this?
Motel - Profitable motel with recent upgrades near beaches and amenities.
Where is this motel located?
The property is located at 6490 S Us Highway 1 Port St Lucie, FL.
What are key features of this property?
This property features: - High Net Operating Income: $225,000 NOI in 2023.; - Strong Cap Rate: Nearly a 12 cap based on documented financials.; - Recent Upgrades: Majority of units completely upgraded with new flooring, kitchens, paint, and bathrooms.
More about this property
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