$580,000
Belle Glade, FL 33430
MLS# A2005552
Status: Closed
6500 sqft
1 / 14
Property Description
RARE OPPORTUNITY TO OWN AN ICONIC BUSINESS FIXTURE IN BELLE GLADE. FOR OVER 20 YEARS THIS MOTEL HAS BEEN A PROVEN MONEY MAKER. THIS 3 FOLIO/BUILDING PACKAGE DEAL CONSISTS OF 27 units: A 23 UNIT MOTEL PLUS AN ADJACENT 4 BED/4 BATH SINGLE FAMILY HOME USED AS AN OFFICE AND TO SERVICE MOTEL. OVER 13% CAP ON CURRENT NUMBERS. 138k gross, $84,537 NOI. Financials available upon bonafide offer.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2014-09-15
Status: Closed
Original List Price: 650000
Sold Price: $580,000
Current Price: $580,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Belle Glade
Postal Code: 33430
Geographic Area: PB27
Country: United States
Street Number: 308
Street Direction Prefix: N
Street Name: Main
Street Suffix: Street
State Or Province: FL
Area: 5550
Parcel Number: 04374331010180090
Zoning: COM
Directions: BELLE GLADE
General Property Information
Number Of Buildings: 3
Number Of Units Total: 2
Price Per Unit: 22592
Occupant Type: Tenant
Lot Size Area: 1313421120
Stories Total: 2
Property Sub Type: Hotel/Motel
Building Area Main: 6500
Year Built: 1963
Parking Total: 29
Lot Size Acres: 30152
Financial Information
Tax Assessed/SOH Value: 70790
Tax Annual Amount: 2388
Tax Legal Description: 31-43-37, SUB BY STATE SURVEY E 97 FT OF W 607 FT OF S 75 FT OF N 175 FT OF LT 18
Office/Member Information
DXORIGMLSID: SEF
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2016-03-07T16:31:06Z
Major Change Type: Status Change
Status Change Date: 2016-04-04
Under Contract Date: 2016-02-22
Close Date: 2016-03-07
Close Price: 580000
Electric
220 Volts: 1
Flooring
Tile: 1
Wood: 1
Parking Features
Common: 1
Free: 1
Shared: 1
Documents Available
Books & Records: 1
Owner Managed: 1
Structure Type
Hotel/Motel: 1
Building and Property Details
# Of Offices: 1
Construction Materials
CBS: 1
Frame: 1
Roof
Shingle: 1
Tar/Gravel: 1
Income and Expenses
Inc/Exp Statement Period: 2014
Total Expenses: 54296
Gross Scheduled Income: 138833
Net Operating Income: 84537
Description of Unit Type 1
Unit Type: Hotel Room(s)
Units Total: 23
Annual Rent: 2
Description of Unit Type 2
Unit Type: 4 Bedroom Or More
Units Total: 1
Beds Total: 4
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Showing Service: 1
Contingencies
Backup Contract/Call LA: 1
Buyer Details
Intended Use: Unknown/Withheld
Buyer State: Florida
Zip Code: 33430
Concessions
Seller Concessions: No
Originating Details
Originating System Key: 79876576
Originating System ID: M00000151
Property Features
Documents Available: Books & Records; Owner Managed
Electric: 220 Volts
Flooring: Tile; Wood
Parking Features: Common; Free; Shared
Construction Materials: CBS; Frame
Roof: Shingle; Tar/Gravel
Structure Type: Hotel/Motel
Showing Requirements: Appointment Only; Call Listing Agent; Showing Service
Contingencies: Backup Contract/Call LA
Listing Office: Keller Williams Eagle Realty
Last Updated: November - 14 - 2026
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