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

120 AVENIDA MENENDEZ, St. Augustine, FL

$4,100,000
Property Type: Commercial Sale Square Footage: 15,314 Status: Closed
Current Price: $4,100,000 List Date: 2/03/2016 Last Modified: 12/28/2024

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!

Listing Details MLS# 811850

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
Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Source MLS Verified
Last Updated: December - 28 - 2024
Information deemed reliable but not guaranteed.