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Key Colony Beach Motel 441 E Ocean Dr

40 Room Hotel Key Colony Beach, FL 33051 $31,284,001 CAD ($782,100 CAD/Room)

Investment Highlights

  • The 4 ocean front suites have an extra Florida room facing the ocean.

Executive Summary

Prime Key Colony Beach ocean front 40 room property. 1.01 acres plus .25 acres of ocean bottom. Classic double stack herringbone building with 4 rows of 10 units plus a manager's apartment. The 4 ocean front suites have an extra Florida room facing the ocean. Same owner last 54 years. Well maintained and manicured. Property like this isn't for sale very often in the Keys. This is truly a once in a lifetime opportunity. Call 410-242-3337. Offers accepted. www.kcbmotel.com

Property Facts

Price $31,284,001 CAD
Price Per Room $782,100 CAD
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.01 AC
Building Size 13,565 SF
No. Rooms 40
No. Stories 2
Year Built 1957
Parking Ratio 3.32/1,000 SF
Corridor Exterior

Amenities

  • Pool
  • High Speed Internet Access
  • Patio
  • Beach (direct access)
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 4 $412.38 CAD -
Guest Room 36 $327.06 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00073980-000000
Land Assessment
$3,854,684 CAD
Improvements Assessment
$2,569,790 CAD
Total Assessment
$6,424,475 CAD

zoning

Zoning Code RH (Resort Hotel)
RH (Resort Hotel)
  • Listing ID: 31183839

  • Date on Market: 2024-03-11

  • Last Updated:

  • Address: 441 E Ocean Dr, Key Colony Beach, FL 33051

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