$4,100,000
120 AVENIDA MENENDEZ
St. Augustine, FL
MLS# 811850
Status: Closed

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Property Description
Investors and business owners, this exceptional piece of property has been owned and operated by the same owners for over 43 years! This traditional motel built in 1959, offers sweeping water views of the Matanzas River (Intra-Coastal Waterway) opening to the Atlantic Ocean and is located in historic downtown St. Augustine! 31 rooms, in ground pool and private parking is just the beginning and all just one block from the downtown center. February 5th, 2015 article Money Spent on Lodging Hits All Time High! INCREASE OF 9.9% OVER THE PAST YEAR!

Details
Location, Tax, and Legal
Country: US
Parcel Number: 1983900000
Additional Parcels Description: Zoning Parcel B: HP2
General Property Information
Number Of Units Total: 31
Water Body Access YN: No
Waterfront YN: Yes
Directions: From Bridge of Lions go South on Avenida Menendez, property is on right across from City Yacht Harbor.
Public Remarks: Investors and business owners, this exceptional piece of property has been owned and operated by the same owners for over 43 years! This traditional motel built in 1959, offers sweeping water views of the Matanzas River (Intra-Coastal Waterway) opening to the Atlantic Ocean and is located in historic downtown St. Augustine! 31 rooms, in ground pool and private parking is just the beginning and all just one block from the downtown center. February 5th, 2015 article Money Spent on Lodging Hits All Time High! INCREASE OF 9.9% OVER THE PAST YEAR!
Building Area Total: 15314
Stories Total: 2
List Price/SqFt: 280.79
Sold Price/SqFt: 267.73
Year Built: 1959
Construction Materials
Concrete: 1
Cooling
Window Unit(s): 1
Current Use
Commercial: 1
Hotel/Motel: 1
Electric
220 Volts: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Irregular Lot: 1
Parking Features
Guest: 1
Parking Lot: 1
Possession
Subject To Tenant Rights: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Utilities
Cable Connected: 1
Water Source
Public: 1
Building Features
Pool: 1
Waterfront Features
Intracoastal: 1
Navigable Water: 1
Ocean Front: 1
River Front: 1
Historical Information
Public Historical Remarks 1: Road Surface: Asphalt Road, Lot Location-Downtown: Y, Possible Financing-1031 Exchange: Y, Approx. Total SqFt: 19643.00, Number of Units: 21 - 50 Units
Public Historical Remarks 2: Number of Buildings: 1 Building, Ceiling Height: 8' - 10' Ceilings
Public Historical Remarks 3: Current Zoning: Hotel/Motel
Contract Information
Current Price: $4,100,000
Sold Price: $4,100,000
Status: Closed
Listing Contract Date: 2016-02-03
Property Sub Type: Mixed Use
Location Tax and Legal
Street Number: 120
Street Name: AVENIDA MENENDEZ
County: St. Johns
State: FL
MLS Area Major: 322-Downtown St Augustine
Status Change Information
Major Change Timestamp: 2016-07-08T19:35:13Z
Major Change Type: Status Change
Purchase Contract Date: 2016-04-22
Close Date: 2016-07-08
Close Price: 4100000
Property Features
Building Features: Pool
Construction Materials: Concrete
Cooling: Window Unit(s)
Current Use: Commercial; Hotel/Motel
Electric: 220 Volts
Listing Terms: Cash; Conventional
Lot Features: Irregular Lot
Parking Features: Guest; Parking Lot
Possession: Subject To Tenant Rights
Roof: Shingle
Sewer: Public Sewer
Utilities: Cable Connected
Water Source: Public
Waterfront Features: Intracoastal; Navigable Water; Ocean Front; River Front
Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY

Last Updated: December - 28 - 2024

Information deemed reliable but not guaranteed.

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