Active

$1,200,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 5374 sq ft
Overview
  • ID: MFRO6314957
  • Bedrooms:
  • Bathrooms: 0
  • Size: 5374 sq ft
Property Details
Remarks
Outstanding Investment Opportunity – Turnkey Motel with Redevelopment Potential! Now available: a fully operational, income-producing motel property zoned Commercial (C) in the rapidly expanding Saint Cloud market. Located at 5575 E Irlo Bronson Memorial Hwy, this 5,374 SF property sits on a valuable parcel with excellent visibility and frontage on busy US-192. Currently comprised of 9 updated rental units, all leased under flexible terms (weekly, biweekly, and monthly), this income-producing property generates approximately $11,937/month or $143,244 annually in gross income, with a Net Operating Income (NOI) of $79,948/year. Building One features a new roof (2021) and a remodeled main living area completed the same year. Building Two received a roof replacement approximately 8 years ago. The property is supported by four separate septic systems, each equipped with new drainfields, ensuring efficient and reliable long-term operation. Additionally, the site includes a 1,435 sq ft living space with 3 bedrooms and 1.5 baths, which could serve as on-site living quarters for ease of management or be converted into an additional income-producing unit to further enhance returns. This property offers not only solid cash flow but also significant redevelopment potential—ideal for hospitality, retail, or mixed-use projects. The Commercial zoning (C) allows for a wide range of future uses, making this a strategic acquisition in a growth corridor. Situated in a high-traffic area near new residential developments, attractions, and major roadways, this is a rare opportunity to secure a versatile asset with strong current income and future upside.
Financial Considerations
Price:
$1,200,000
HOA Fee:
N/A
Tax Amount:
$9372
Price per SqFt:
$165.22
Tax Legal Description:
TWIN LAKES RANCHETTES PB 1 PG 406 BLK A, COM AT SE COR LOT 6, N 71.68 FT TO POB AND PT ON NON TAN CURVE, CONC NELY, RAD 22, 788.31 FT, CH N 82 DEG W, NWLY 213.75 FT, N 143.42 FT, N 89 DEG E 115 FT, N 01 DEG E 122.9 FT, S 88 DEG E 93.32 FT, S 292.26 F T TO POB AKA COLONIAL MOTEL
Exterior Features
Lot Size:
45956
Lot Features:
Rural
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Spaces - 13 to 18
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central, Ductless
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
Dishwasher, Microwave, Refrigerator
Furnished:
No
Floor:
Carpet, Luxury Vinyl, Tile
Levels:
One
Additional Features
Property Sub Type:
Hotel/Motel
Style:
N/A
Year Built:
1966
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
South
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    5575 E IRLO BRONSON MEMORIAL HWY
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