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Business Description
It s a hold for the turnaround but generating $120,000/yr in rental income. 73,700 of buildable on the ocean with 219 FF. This is an in-fill piece with impact fees paid on the existing 30 units. Owners are sophisticated condo developers that will sell outright at below market or jointly hold and develop with the right money partner
Facilities
Ocean Front Spectacular! 73,700 of buildable square footage with 219 on the ocean. We know this thing is going to turn. Price includes operating motels producing $120,000/y to offset the hold. Owners are sophisticated condo developers that will sell outright at below market or jointly hold and develop with the right money partner. Subject is improved with 30 units in 22 small cottage buildings.
Support/Training
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Freehold or Leasehold :
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Seller Financing :
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Franchise opportunity :
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Distressed business or bankruptcy :
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