460 Lane Ave Jacksonville, FL 32254

Property Details for 460 Lane Ave

Year built

1973

Construction

WOOD

Lot size

2.48 lot acres

Property size

17,509 SF

Zone code

CCG-1

Property type

Motels

APN

005186-0000

APU

51860000

Description

This exceptional 76-key motel in Jacksonville, Florida, presents a lucrative investment opportunity. Located at 460 Lane Ave S, in Duval County, zip code 32254 (30.3181755, -81.7536899), this property boasts a strong pro-forma NOI of $750,000, translating to an attractive pro-forma cap rate of 13.64%. The asking price is $5,500,000. The motel's convenient location near downtown Jacksonville offers significant potential for increased occupancy and revenue. Furthermore, the property includes additional undeveloped land, presenting exciting possibilities for future expansion or development, adding considerable value to the investment. This is a rare chance to acquire a well-established hospitality asset with substantial upside potential in a thriving Florida market. The property is classified as a motel within the hospitality sector. Detailed financial information is available upon request. This is a turnkey operation ready for a new owner to step in and capitalize on its existing success and future growth opportunities. Don't miss this chance to own a piece of Jacksonville's vibrant hospitality scene.

Location Insight

City

Jacksonville

County

Duval

State

Florida

Longitude

-81.7533

Latitude

30.3181

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments