120 AVENIDA MENENDEZ, St. Augustine, FL (MLS# 811850)

Overview

Description

Investors and business owners, this exceptional piece of property has been owned and operated by the same owners for over 43 years! This traditional motel built in 1959, offers sweeping water views of the Matanzas River (Intra-Coastal Waterway) opening to the Atlantic Ocean and is located in historic downtown St. Augustine! 31 rooms, in ground pool and private parking is just the beginning and all just one block from the downtown center. February 5th, 2015 article Money Spent on Lodging Hits All Time High! INCREASE OF 9.9% OVER THE PAST YEAR!

General Property Information

Number Of Units Total: 31
Building Area Total: 15314
Year Built: 1959
Water Body Access YN: No
Waterfront YN: Yes
Stories Total: 2
Directions: From Bridge of Lions go South on Avenida Menendez, property is on right across from City Yacht Harbor.
Public Remarks: Investors and business owners, this exceptional piece of property has been owned and operated by the same owners for over 43 years! This traditional motel built in 1959, offers sweeping water views of the Matanzas River (Intra-Coastal Waterway) opening to the Atlantic Ocean and is located in historic downtown St. Augustine! 31 rooms, in ground pool and private parking is just the beginning and all just one block from the downtown center. February 5th, 2015 article Money Spent on Lodging Hits All Time High! INCREASE OF 9.9% OVER THE PAST YEAR!
List Price/SqFt: 280.79
Sold Price/SqFt: 267.73

Property Features

Building Features: Pool Construction Materials: Concrete Cooling: Window Unit(s) Current Use: Commercial; Hotel/Motel Electric: 220 Volts Listing Terms: Cash; Conventional Lot Features: Irregular Lot Parking Features: Guest; Parking Lot Possession: Subject To Tenant Rights Roof: Shingle Sewer: Public Sewer Utilities: Cable Connected Water Source: Public Waterfront Features: Intracoastal; Navigable Water; Ocean Front; River Front

Contract Information

Listing Contract Date: 2016-02-03
Property Sub Type: Mixed Use

Location Tax and Legal

Street Number: 120
Street Name: AVENIDA MENENDEZ
County: St. Johns
State: FL
MLS Area Major: 322-Downtown St Augustine

Status Change Information

Major Change Timestamp: 2016-07-08T19:35:13Z
Major Change Type: Status Change
Purchase Contract Date: 2016-04-22
Close Date: 2016-07-08
Close Price: 4100000

Historical Information

Public Historical Remarks 1: Road Surface: Asphalt Road, Lot Location-Downtown: Y, Possible Financing-1031 Exchange: Y, Approx. Total SqFt: 19643.00, Number of Units: 21 - 50 Units
Public Historical Remarks 2: Number of Buildings: 1 Building, Ceiling Height: 8' - 10' Ceilings
Public Historical Remarks 3: Current Zoning: Hotel/Motel

More Information

Location, Tax, and Legal

Country: US
Parcel Number: 1983900000
Additional Parcels Description: Zoning Parcel B: HP2

Construction Materials

Concrete: Yes

Cooling

Window Unit(s): Yes

Current Use

Commercial: Yes
Hotel/Motel: Yes

Electric

220 Volts: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Irregular Lot: Yes

Parking Features

Guest: Yes
Parking Lot: Yes

Possession

Subject To Tenant Rights: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Connected: Yes

Water Source

Public: Yes

Building Features

Pool: Yes

Waterfront Features

Intracoastal: Yes
Navigable Water: Yes
Ocean Front: Yes
River Front: Yes