Active

$1,999,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • sq ft
Overview
  • ID: MFRTB8513435
  • Bedrooms:
  • Bathrooms: 0
  • Size: sq ft
Property Details
Remarks
This well-established, recently renovated 25-room, plus Manager apartment, 2-bedroom/ 2 bath, and Kitchen. Total 12,016 sq-ft. Motel. Plus 4896 sq-ft. Restaurant property presents a unique investment opportunity in the heart of Cross City, Florida, situated directly on major highways (US-19, 98, and Alt-27) with excellent visibility and steady traveler traffic. The charming two-story Motel features comfortable guest accommodations with amenities such as free Wi-Fi, air conditioning, and in-room conveniences, creating a welcoming stay for visitors year-round. Adjacent to the motel, the on-site restaurant offers a family-friendly dining experience with popular American cuisine and all-day breakfast, providing an additional revenue stream and strong local appeal. Together, the motel, restaurant, and underlying land form a cohesive, income-producing property in a prime location near the Gulf of Mexico, the Suwannee River, and popular coastal destinations, making it an ideal opportunity for owner-operators or investors seeking growth potential in North Florida.
Financial Considerations
Price:
$1,999,000
HOA Fee:
N/A
Tax Amount:
$19054.53
Price per SqFt:
$118.2
Tax Legal Description:
9 10 12 LOTS 1 2 4 5 6 & 7 BLK 24 & ALL BLK 25 & ALL THAT LAND & PORTION OF W 20 FT OR W1/2 OF FINLAYSON AVE LYIN BETWEEN BLK 24 25 & 26 GAULDENS 2ND ADDITION (CARRIAGE INN MOTEL) OR BK 65 PG 90 OR BK 139 PG 513 OR BK 156 PG 602 ORB 203 P 53 ORB 225 P 435 ORB 396 P 43 ORB 531 P 134 ORB 592 P 620(NOC) ORB 592 P 621(NOC) NOTES: 25 RMS, 1 RESTAURANT, 1 RES OCCUPANCY RATE 40%
Exterior Features
Lot Size:
62674
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Ground Level
Roof:
Other, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
Two
Additional Features
Property Sub Type:
Hotel/Motel
Style:
N/A
Year Built:
1961
Construction Type:
Block, Other, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    16872 SE HIGHWAY 19
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