Apt / Hotel With 2 Niteclubs, 4cop License Below Market
Location Florida,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $900000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1986
Number of Employees 10 - 19
Inventory 500000
Relocatable Yes
Number of Employees 10 - 19
Real Estate Owned
Reason for Sale Divorce.
Description Deland, FL Historic 6 floor residential hotel for sale. 58 furnished apartments. Ground floor has 2 nightclubs, country and rock with 4COP license valued at $250,000 and movable anywhere in county, including Daytona Beach. Up to $250,000 grant money from city possibly available. Possible owner part financing and assumption of current mortgage with strong financials. Located 2 blocks from downtown, across from new city hall building on busy state road 44. Building up to code, sprinkled. Includes 2 story back building with apartments. Ample parking. Some cosmetic work is all that may be needed. Could be DEAL OF CENTURY as I have priced way below market value at 2.2M after receiving in divorce and not wanting hoping for quick sale. WEB SITE HOTELPUTNAM.COM Serious buyers only email or call 386-956-7312
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