SPACECOAST HOTEL
Gross: $1,267,136 net: $452,140
Price: $4,600,000
121 Units

This totally, completely and tastefully remodeled property is located in one of East Coast Florida’s fastest growing counties, right on an important I-95 exit.

The recent retrofit includes new knockdown finish on all guestroom walls, recent case goods, soft goods, air conditioners, 25" TVs, lighting package, micro-fridges, phone system, composite shingle roof, re-marcited pool and a beautifully remodeled lobby.

On site is a 60 seat restaurant, leased out at $2,000 per month (plus ½ of the front building electric bill), to a local restaurateur who is doing quite well. Property sits on 3 acres (+/-) and is attached to a 1.5 acre (+/-) out parcel that is lake front and could be used for future development.

This is an excellent opportunity to be involved in a fast growing area near the Cape Canaveral cruise port and the space shuttle launches.

PARTNERSHIP DISAGREEMENT DICTATES SALE!

FLORIDA RESORT GROUP, INC.
PHONE (727) 524-0066/frg@gate.net/www.frgi.com
Broker is an agent of and paid by the Seller. This document does not constitute or imply an offer of sub-agency to any other Broker
All information is obtained from Seller or Seller’s Agent and is believed to be accurate, but is not warranted by the Broker. #1223