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    OFF-MARKET Estimated value $950,000
    Motels

    2006 Washington Ave, Titusville, FL 32780-4739

    6,704 SF 0.31 ac lot Built 1963
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US18-5290052
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a unique 0.31-acre commercial property located at 2006 Washington Avenue in Titusville, Florida, 32780. The property, a charming mid-century motor court, boasts 15 well-appointed rooms, including three full guest suites on the second floor. One suite features a private entrance and courtyard, and two rooms are designed for double occupancy. Significant recent improvements exceeding $60,000 have been made, encompassing a new metal roof, exterior paint, window replacements, tankless water heaters, a security camera system, an upgraded electrical panel, combination door locks, custom tropical-design railings and stairs, and new paver walkways and patios. The property also includes an on-site coin-operated laundry and a maid's storage room. An approximately 800-square-foot private apartment on the second floor offers a river view and features a full kitchen, living room, dining area, a spacious bedroom with an ensuite bathroom, and ample closet space. The property's prime location on US Highway 1 ensures high visibility and access to both local and tourist traffic. National brand shopping, restaurants, and a movie theater are within a half-mile radius, and numerous locally owned businesses are within one mile. The asking price for this remarkable property is $1,250,000.

    Property profile
    Verified
    Property type Motels
    Use group MOTEL
    Year built 1963
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 6,704 SF
    Lot 0.31 ac (13,504 SF)
    Zoning code T
    APN 22-35-10-01-00000.0-0064.00
    UPID US18-5290052
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Siesta Motor Inn Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $950k
    CAP Approach CAP
    $930k
    Comparable Approach Comparable
    $950k
    Blend (final) Blend
    $950k
    Owner & transaction history
    Jpm Hospitality LLC · 1 yrs held
    Jpm Hospitality LLC
    since 2024
    Last sale
    $950,000
    7 recorded transactions
    2024
    $950,000
    2024
    2013
    2013
    $200,000
    1969
    1969
    1969
    Zoning & alternative use
    T · Titusville, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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