$2,100,000
Melbourne Beach, FL 32951
MLS# 766230
Status: Closed
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Property Description
Own and live your dream! Tiara By The Sea is a successful oceanfront motel. There is a direct oceanfront living quarters for yourself or your property manager. Tiara is a 2 buildings complex with 16 individual rooms. 15 units are with kitchenettes and one is a hotel room. This turn key investment has been successfully family owned and operated for 27 years. Guests can fish, swim or just relax by the sparkling pool. Enhance your portfolio. Bed and Breakfast? Apartments? A big waterfront mansion with guest rooms?
Details
Maps
Location, Tax, and Legal
Tax Account: 2954171
Parcel Number: 29-38-14-00-00259.0-0000.00
General County Location: South
Tax Annual Amount: 14088.4
Tax Year: 2015
Tax Legal Description: N 99 FT OF S 349 FT OF GOVT LOT 1 LYING E OF A1A AS DES IN ORB 1896 PG 209
Directions: A1A South of New England Eatery directly on the Ocean. Tiara By The Sea. This is a 2 building complex. Drive to the back where the office is. Located South of Melbourne Beach Publix shopping Center.
General Property Information
Number Of Units Total: 16
Building Area Total: 9344
Lot Size Acres: 0.9
Association YN: No
Property Use: C-MOTOR INN (3900)
Water Body Access YN: No
Waterfront YN: Yes
Use Code: 39 / HOTELS, MOTELS
List Price/SqFt: 262.2
Sold Price/SqFt: 224.74
Year Built: 1979
Remarks and Miscellaneous
Public Remarks: Own and live your dream! Tiara By The Sea is a successful oceanfront motel. There is a direct oceanfront living quarters for yourself or your property manager. Tiara is a 2 buildings complex with 16 individual rooms. 15 units are with kitchenettes and one is a hotel room. This turn key investment has been successfully family owned and operated for 27 years. Guests can fish, swim or just relax by the sparkling pool. Enhance your portfolio. Bed and Breakfast? Apartments? A big waterfront mansion with guest rooms?
Construction Materials
Frame: 1
Stucco: 1
Cooling
Central Air: 1
Wall/Window Unit(s): 1
Zoned: 1
Current Use
Commercial: 1
Flooring
Carpet: 1
Tile: 1
Heating
Zoned: 1
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Roof
Composition: 1
Security Features
Secured Lobby: 1
Smoke Detector(s): 1
Sewer
Septic Tank: 1
Utilities
Cable Available: 1
Water Source
Well: 1
Waterfront Features
Ocean Front: 1
Showing Requirements
Appointment Only: 1
Listing Agent Must Accompany: 1
Building Features
Clear Ceiling Height: 10203
Laundry: 1
Lounge: 1
Office: 1
Pool: 1
Storage: 1
Location
Beach Area: 1
County: 1
Sale Includes
Building & Land: 1
Business Only: 1
Furniture, Fixtures and Equipment: 1
Contract Information
Current Price: $2,100,000
Original List Price: 2450000
Sold Price: $2,100,000
Status: Closed
Listing Contract Date: 2016-10-11
Property Sub Type: Business
Location Tax and Legal
Street Number: 5815
Street Name: Highway A1a
County: Brevard
State: FL
Postal Code: 32951
MLS Area Major: 385 - South Beaches
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2017-04-11T16:39:28Z
Major Change Type: Status Change
Status Change Timestamp: 2017-04-11
Purchase Contract Date: 2017-03-12
Close Date: 2017-04-10
Close Price: 2100000
Property Features
Building Features: Laundry; Lounge; Office; Pool; Storage
Construction Materials: Frame; Stucco
Cooling: Central Air; Wall/Window Unit(s); Zoned
Current Use: Commercial
Flooring: Carpet; Tile
Heating: Zoned
Listing Terms: Cash; Conventional
Location: Beach Area; County
Possession: Close Of Escrow
Roof: Composition
Sale Includes: Building & Land; Business Only; Furniture, Fixtures and Equipment
Security Features: Secured Lobby; Smoke Detector(s)
Sewer: Septic Tank
Showing Requirements: Appointment Only; Listing Agent Must Accompany
Utilities: Cable Available
Water Source: Well
Waterfront Features: Ocean Front
Listing Office: Coldwell Banker Paradise
Last Updated: November - 01 - 2024
Information is deemed to be reliable, but is not guaranteed.