Historic Apartment - Hotel With 2 Nightclubs For Sale
www.GlobalBX.com
Listing ID:
700155228
Listing Title:
Historic Apartment - Hotel With 2 Nightclubs For Sale
Quick Link:
http://www.globalbx.com/listing.asp?bId=155228
Industry:
Hotels and Holiday Accommodation
Industry Segment:
Hotels
Country:
United States
State / Province:
Florida
Area
City:
Deland
Asking Price Range:
$1.0M - $2.5M
Gross Revenues:
$900,000
Cash Flow:
$900,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
1986
Number of Employees:
10 - 19
Business Description:
Includes movable 4COP Liquor license and 2 story 5 apt back building. 6 story beautiful solid, sprinkled, steel/concrete building. 56 apts, 10 rooms. 6th fl vacate. Beautiful view. Could be restaurant. offices, penthouse. Ideal location, 2 blocks from downtown, across from city hall in Deland, Fl, Volusia Co capital, 20 mi from Daytona, home to Stetson University on busy state road!
Reduced for quick sale by owner from mkt price 2.2M to only 1.4M. Possible refinancing existing $580,000 mtg and owner financing partial 2nd. Grant money available from city, state and federal gov. for renovations and improvements. May qualify for SBA 504 loan at 3%.
Great deal won't find often! Additional $150,000 price reduction if not interested in keeping liquor license, less costly hotel license obtainable.
For more info please email or contact Jayne at 386-956-7312.
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