1705 Ocean Dr, Vero Beach, FL 32963
Priced at Only: $5,500,000
Would you like to sell your home before you purchase this one?
- MLS#: F10452585 ( Commercial/Industrial )
- Street Address: 1705 Ocean Dr
- Viewed: 4
- Price: $5,500,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1956
- Bldg sqft: 0
- Days On Market: 178
- Additional Information
- County: INDIAN RIVER
- City: Vero Beach
- Zipcode: 32963
- Provided by: Coldwell Banker Paradise
- Contact: Jimmy Phipps
- (772) 589-7777
- DMCA Notice
Description
Prime Opportunity in Prime location. Hotel is located in Prime vacation area across the street from Public Beach access. Time and money has been invested in this Hotel to make it perform like a well oiled Machine. There have been many meticulous upgrades to each unit to bring out the beach feel for valued customers. A new roof, Upgrades Electric panel, updated Billing system and other upgrades help the Staff operate efficiently with out needing the owner to be present. Total of 18 units with 1 unit used for on site service man for assistance to operate at all hours. Owner financing available
Payment Calculator
- Principal & Interest -
- Property Tax $
- Home Insurance $
- HOA Fees $
- Monthly -
Features
Building and Construction
- Construction Type: Concrete Block Construction
- Floor Description: Terrazzo Floors, Tile Floors
- Num Stories: 2.0000
- Year Built Description: Resale
Property Information
- Transaction Type Mlx: Sale
- Typeof Property: Hotel
Land Information
- Lot Sq Footage: 23958
- Total Acreage: 0.5500
Garage and Parking
- Parking Description: Common Parking, Guest Parking
Eco-Communities
- Water Description: Public Water
Utilities
- Electric Service: 110 Volts Power
- Fire Protection: Smoke Alarm, Smoke Detector
- Heating Description: No Heat
- Num Toilets: 19
- Number Of Units: 18
- Sewer Description: Other Sewer
Finance and Tax Information
- Dade Assessed Amt Soh Value: 1073178
- Dade Market Amt Assessed Amt: 1073178
- Security Information: Security Lighting, Security System
- Tax Year: 2023
Rental Information
- Vacancy Rate: 75
Other Features
- Board Identifier: BeachesMLS
- Geographic Area: IR12
- Information Available: Photos, Existing Survey
- Legal Description: PELICAN COVE II BLK 3 LOT 18 PBI 3-79
- Locationof Property: Corner Unit
- Miscellaneous Information: Balconies, Exterior Lighting, Natural Gas, Janitorial Service, Landscaped, Manager On Premises, Reception Area
- Occupancy Percentage: 75.0000
- Parcel Number Mlx: 018.
- Parcel Number: 334005000090030000180
- Possession Information: At Closing
- Postal Code + 4: 2260
- Sale Includes: Building & Land, Fixtures, Inventory
- Zoning Information: RM-10
Contact Info
- John DeSalvio, REALTOR ®
- Office: 954.470.0212
- Mobile: 954.470.0212
- jdrealestatefl@gmail.com
