Unique opportunity to maintain a profitable 18 room motel and guest house or look to expand the development opportunities available in the Mixed Use Transitional District. This district is established to provide for an area of transitional land uses between intensified use districts or elements and residential districts. This district… Read More includes an area of mixed land uses between the intensive, commercial, central part of Town and the quiet residential areas and may also be employed as a transitional area between busy major thoroughfares and quieter residential use. Permitted uses include a mixture of single-family homes, two-family dwellings, and small-scale office and institutional use. Read Less
Courtesy of Jeffrey G Hovis, Intracoastal Realty Corp
24,829 sqft lot, Lot Description: See Remarks, Lot Dimensions: irregular-two lots, Lot Water Features: None, 0.57 acres
Energy Saving
None
Parking
Parking/Driveway: Off Street, Parking Lot, On Site, 24 parking spaces
Property
18 units, 7,996 heated sqft, Built in 1960, C & I Features: None, Construction: Wood Frame, Federal Flood Insurance available, Financial Info: Yes, Gross Income: $2,457,000, List Price/SqFt: $550, Real Estate Taxes: $7,854, Total Annual Expenses: $54,000, Zoning: MX
Roof
Shingle
Sewer
Water Available
Taxes
City Tax Rate: 5002, Tax Year: 2024
Utilities
Electric Provider: Duke Progress Energy, Fuel Tank: None
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