Marco Island, FL 34145,151 1st AVE
Marco Island, FL 34145,151 1st AVE
Marco Island, FL 34145,151 1st AVE
Marco Island, FL 34145,151 1st AVE
Marco Island, FL 34145,151 1st AVE
Marco Island, FL 34145,151 1st AVE
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$4,000,000

$4,200,000

4.8%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 07/19/2023

Key Details

Sold Price $4,000,000

Property Type Commercial

Sub Type Lodging and Hospitality: Full Service

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 223026449

Sold Date 07/19/23

Year Built 1968

Annual Tax Amount $14,227

Tax Year 2022

Property Sub-Type Lodging and Hospitality: Full Service

Source Naples

Property Description

The Marco Island Lakeside Inn. Opportunity is knocking and you have 24 doors to answer. Hyper rare offering of 2 hotel buildings and 3 adjoining duplex homes, combined there are 24 units. The main building features 2-two bedroom/1 bath units and 8-1 bedroom/1 bath units. These 10 units were just totally remodeled and beautifully furnished. They have full kitchens and spectacular views of Marco Lake. The second adjacent hotel building features 7 studio/efficiency units and 1-2 bedroom/1 bath unit. The 3 duplex homes have 6 total 2-bedroom/1 bath units. The 8-unit hotel building and the 3 duplexes all suffered water intrusion from Hurricane Ian. All of those units have been gutted out to a degree, and all new A/C units have been installed. There are some new refrigerators, stoves, and microwaves being stored in the main building that are included in the sale. The main building used to be the home of Busghetti's Restaurant and that part of the building has been gutted. You could either put in a new restaurant or add a minimum of 2 additional hotel rooms.

Location

State FL

County Collier

Area Mi01 - Marco Island

Zoning C-4

Exterior

Utilities Available Other

Waterfront Description Lake

Private Pool No

Building

New Construction No

Others

Tax ID 59080040002

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Listed by BHHS Florida Realty • Gerald Rosenblum
Bought with BHHS Florida Realty

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