Description
Click Here to Access the Deal Room
**Anyone who visits the property without an appointment will be considered trespassing.
Marketing Description**
**Royal Inn – Value-Add Hospitality Asset with Redevelopment Potential**
**Location:** 542403 US Highway 1, Callahan, FL
**Offered at:** $1,200,000 (Seller Financing Available: $500,000 Down | 6% Interest-Only)
**Property Overview:**
The Royal Inn is a promising investment located on US Highway 1 in Callahan, featuring 24 rooms and redevelopment potential.
**Key Highlights:**
– **Room Mix:** 12 single-bed rooms at $80/night, 12 double-bed rooms at $107/night (or $400/week)
– **Additional Units:** 1,360 sq. ft. owner’s suite and a 1,759 sq. ft. commercial building leased at $1,250/month
– **Current Operations:** Owner-operated with minimal marketing, generating approx. $125,000 in annual revenue
– **Parking:** Ample on-site parking
– **Lot Size:** Expansive with redevelopment flexibility
**Market Insights:**
– **High Visibility:** Over 19,500 vehicles/day on US Highway 1
– **Regional Growth:** Increased commercial activity with nearby developments
– **Investment Potential:** Opportunities for improved management to boost occupancy and revenue; suitable for conversion to multifamily or mixed-use developments
**Property Condition:**
– **Structure:** Concrete Block
– **Roof:** Recently replaced on commercial building and owner’s suite; motel roof is 12 years old
– **Systems:** Updated electrical, plumbing, and HVAC in place
This asset offers immediate cash flow and future redevelopment prospects in a thriving market.
Call the Vip Commercial Team, Jigar @ 407-453-3415, immediately.
