1417 Park St
$700,000
1,775
Sqft
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$700,000
1,775
Living Area
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Property Description
Attention investors looking for a lucrative property with enormous potential for growth. Look no further, this well-established motel offers the perfect balance of cash flow and great upside, fully occupied generates an income of approximately $117,000/year. One of the standout features of this property is its untapped potential. The expansive lot, 1.54 acres, offers ample space for future development, outdoor amenities or expanded landscaping. Currently 7 active rooms with 2 unfinished rooms, that have already been approved by the town and could add an extra $36,400 in yearly income. Don't miss this rare and lucrative opportunity.
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Highlights
- Acres: 1
- Property Class: Commercial Sale
- Status: Active
- Parking Spots: 20
- Year Built: 1978
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Additional Details
- Zoning: Gb
- Zoning Description: Other (See Remarks)
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Fees / Taxes
- Tax Year: 2024
- Taxes: $3,110
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Listing information provided courtesy of NextHome Elite Realty.
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