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4891 Fort Pierce Blvd Fort Pierce, FL 34946

For Sale
$2,800,000

25-Key Motel, High ROI, Updated 2023

Description

Added:
Dec 11, 2024
Days on Market:
364
The Fountains Hotel, a 25-key motel located at 4891 US-1 in Fort Pierce, Florida (zip code 34946), presents a compelling investment opportunity. This hospitality property boasts a strong 10% capitalization rate, generating a net operating income (NOI) of $280,000 annually. The asking price is $2,800,000. The hotel comprises a mix of efficiencies and suites, currently producing approximately $450,000 in annual revenue. Extensive renovations were completed in 2023, enhancing the property's appeal and operational efficiency. Guest amenities include a refreshing pool, a relaxing hot tub, and a convenient grill area. Its strategic location offers easy access to nearby beaches, golf courses, shopping centers, and a variety of restaurants, ensuring consistent occupancy and strong rental demand. Situated in St. Lucie County, this motel represents a solid investment in a thriving Florida market. The property's strong financial performance, coupled with its recent renovations and desirable location, makes it an attractive prospect for investors seeking a high-return hospitality asset.

Property Features for 4891 Fort Pierce Blvd

General Information

Property type
Motels

Building Details

Year Renovated
2023

Property Profile Location Intelligence

Current Use by Public Records

Motels

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Fort Pierce
County
St. Lucie
State
Florida
Longitude
-80.3575913
Latitude
27.5225004

FAQs

What type of property is this?
Motel - 25-Key Motel, High ROI, Updated 2023
Where is this motel located?
The property is located at 4891 Fort Pierce Blvd Fort Pierce, FL.
What is the asking price?
The asking price for this property is $2,800,000.
More about this property
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