14113 S Us 441 HighwayLake City, FL 32024MLS Number OM653041

  • Sale Price: $1,776,750
  • 234 Days Since Sale
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Federal 30-year interest rate: 6.77% last updated on Jul 18, 2024
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14113 S Us 441 Highway Lake City FL 32024
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  • 4.48Acreage
  • 1990Year Built
  • 33,886Square Feet
Auction Property. NOW AUCTIONING STARTING OCTOBER 23 rd Starting Bid at $ 350,000. Located in the heart of Lake City, Columbia County, Florida, Palm Gardens Inn offers a prime investment opportunity for entrepreneurs and investors looking to capitalize on the city's growth potential. The motel boasts an excellent location directly on US 441 S and is conveniently situated just off the westerly exit SR-93/I-75, providing full ingress and egress from all directions. With 14,400 AADT on US 441 S and 56,000 AADT on SR-93/I-75, Palm Gardens Inn is easily accessible, making it an attractive option for visitors and tourists alike. The property offers a fully equipped and turnkey motel business and real estate, which includes 54 (Unit mix: King Studio, King Single and Queen Double Rooms) exterior corridor units, 33,886 SF built-in 1990 of Concrete Block Construction, and roof engineered to emulate Spanish tiles. A range of amenities, including a guest check-in and lobby, self service laundry, housekeeping facility, CCTV in common areas, outdoor pool, and ample green spaces for building additional units, all situated on 4.48 acres zoned CHI inside the Highway Interchange zoning district for vehicular-related uses primarily serving the traveling public, including several permitted uses, such as motels, restaurants, and a variety of intensive commercial uses. Palm Gardens Inn offers an excellent investment opportunity in one of the fastest-growing areas in Florida. With its strategic location, comprehensive amenities, and growing demand for lodging, Palm Gardens Inn is a wise investment for those looking to capitalize on the region's economic growth and success.
Listing Courtesy of CENTURY 21 J.W.MORTON R.E.

Listing Sold by CENTURY 21 J.W.MORTON R.E.

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More Info

Location Information

  • Road Frontage["Highway", "Interstate"]

Parking

  • Parking Features Curb Parking, Ground Level

Location

  • Address14113 S Us 441 Highway
  • AreaLake City
  • Building Number14113
  • CountyColumbia
  • StateFL
  • StreetUs 441
  • TownLake City
  • Township 6S
  • Zip32024

Utilities

  • Cooling Wall/Window Unit(s)
  • Electric ["150 Amp Service", "200+ Amp Service"]
  • Sewer Public Sewer
  • Utilities Public
  • Water Source Public

Basic Information

  • List Price$1,725,000
  • MLS NumberOM653041
  • Mls Status Sold
  • Sale Date11/29/2023
  • Sale Price$1,776,750
  • StatusSLD

Building

  • Building Area Source Public Records
  • MFR Ceiling Height 8 to 9 Feet
  • MFR Ceiling Type Drywall
  • MFR Freezer Space YN No
  • MFR Numof Hotel Motel Rms 54
  • RoofMetal
  • Stories1
  • Units54
  • Year Built1990

Amenities

  • Other AmenitiesGarden, Pool

Water Body

  • MFR Water Access YN No
  • MFR Water View YN No

Other

  • Date Listed03/14/2023
  • MFR Flood Zone Code X
  • Security Features Smoke Detector(s)
  • View Count83

Tax Information

  • Tax Year 2021
  • Taxes$8,108

Basic Information

Property

  • Living Area 33886
  • ZoningCHI

Interior

  • Flooring Carpet, Laminate

Property Information

  • Acreage4.48
  • Construction Materials Block, Stucco
  • Lot Size Square Feet 195,148
  • MFR Adjoining Property Commercial
  • MFR Converted Residence YN No
  • MFR Front Footage 287
  • MFR Road Frontage Ft 287
  • MFR Total Acreage 2 to less than 5
  • Number Of Lots 1
  • Property Condition Completed
  • Square Feet33,886
Fusilier Realty Group
Fusilier Realty Group
Office: 407-281-8455
10016 Wellness Way
Orlando, FL 32832

Based on information submitted to StellarMLS as of July 19, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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