Description
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Property Address: 1589 Hwy 98W, Carrabella, FL- 32322. Seller is looking to do a 1031 Exchange & is motivated to sell. Seller requested, “An appointment is necessary; otherwise, trespassing will occur immediately.” Our Lender has approved this property.
– **Property Overview**: 30-room Franklin Inn located in Carrabelle, Florida.
– **Type**: One-story, limited-service hotel.
– **Location**: Strategically positioned along U.S. Highway 98, minutes from downtown Carrabelle and the Gulf of Mexico.
– **Renovation**: Recently renovated in 2023, reducing renovation costs for new ownership.
– **Supplemental Income**: Generates additional revenue from RV parking rentals, with limited associated expenses.
– **Investment Opportunity**: Offers investors a chance to acquire a renovated property with a manager’s apartment in a supply-constrained coastal market, just minutes from the beach.
Contact the Vip Commercial Team for more information with Jigar M & set up an appointment immediately @ 347-644-8320
