Located in the heart of Lake City, Columbia County, Florida, Palm Gardens Inn offers a prime investment opportunity for entrepreneurs and investors looking to capitalize on the city's growth potential. The motel boasts an excellent location directly on US 441 S and is conveniently situated just off the westerly exit SR-93/I-75, providing full ingress and egress from all directions. With 14,400 AADT on US 441 S and 56,000 AADT on SR-93/I-75, Palm Gardens Inn is easily accessible, making it an attractive option for visitors and tourists alike. The property offers a fully equipped and turnkey motel business and real estate, which includes 54 (Unit mix: King Studio, King Single and Queen Double Rooms) exterior corridor units, 33,886 SF built-in 1990 of Concrete Block Construction, and roof engineered to emulate Spanish tiles. A range of amenities, including a guest check-in and lobby, self service laundry, housekeeping facility, CCTV in common areas, outdoor pool, and ample green spaces for building additional units, all situated on 4.48 acres zoned CHI inside the Highway Interchange zoning district for vehicular-related uses primarily serving the traveling public, including several permitted uses, such as motels, restaurants, and a variety of intensive commercial uses. Palm Gardens Inn offers an excellent investment opportunity in one of the fastest-growing areas in Florida. With its strategic location, comprehensive amenities, and growing demand for lodging, Palm Gardens Inn is a wise investment for those looking to capitalize on the region's economic growth and success.
- Price:
- $2,500,000
- Square Footage:
- 33,886
- Acreage:
- 4.48
- Year Built:
- 1990
- Listing ID #:
- MFROM653041
- Street Address:
- 14113 S Us 441 Hwy
- City:
- Lake City
- State:
- Florida
- Postal Code:
- 32024
- County:
- Columbia
- Community:
- Lake City
- Listing Status:
- Pending
- Listing Type:
- Commercial Sale
- Construction Type:
- Block, Stucco
- Foundation:
- Slab
- Total # Of Buildings:
- 3
- Total Building Square Footage:
- 33886
- Year Built:
- 1990
- Federal Flood Zone:
- X
- Lot Square Footage:
- 195148
- Road Frontage Type:
- Highway
- Road Type:
- Paved
- Days On Market:
- 78
- On Market Date:
- 2023-03-14
- Originating Mls:
- Mfrmls
- Ownership:
- Corporation
- Property Taxes:
- $8,108
- Tax Year:
- 2021
- Cooling System:
- Central Air
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: CENTURY 21 J.W.MORTON R.E.,
