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Property Detail

Shoal Line Blvd, Hernando Beach, FL 34607, USA
Own a piece of paradise with outstanding waterfront access on the beautiful Gulf Coast of Florida.
$2,995,000

Description

INVESTMENT HIGHLIGHTS

  • Own a piece of paradise with outstanding waterfront access on the beautiful Gulf Coast of Florida at 4291 Shoal Line Boulevard in Hernando Beach.
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  • Ownership has access to one of two offices, an owner/management apartment, and 11 top-notch pontoon boats available to visitors.
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  • Hernando Beach Motel offers a blend of coastal tranquility and recreational opportunities with nearby beaches, nature parks, and entertainment.
  • Hernando Beach Motel is a turnkey waterfront destination boasting seven thoughtful efficiencies and a boat rental business.
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  • Durable 305-foot sea wall protects occupants and ownership from the elements, while the substantial lot provides expansion potential.
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  • Visitors from the Panhandle, Clearwater, Tampa, and beyond enjoy swift connectivity to 4291 Shoal Line Boulevard via US 19.

EXECUTIVE SUMMARY

Nestled along the picturesque shores of Hernando Beach, the Hernando Beach Motel at 4291 Shoal Line Boulevard is a prime investment opportunity in paradise. Boasting a seamless turnkey operation, this coastal gem features seven efficiencies equipped with full kitchens, complemented by two offices, one dedicated to the motel's affairs and the other leased by The Freedom Boat Club, which offers slips for 16 of its vessels. Additionally, an inviting apartment is available to the owner/manager.

Critical features at the Hernando Beach Motel include the robust 305-foot concrete sea wall embracing 12 floating docks, providing access to 23 boat slips that lead directly to the Gulf of Mexico. The establishment proudly runs Captain's Boat Rental, a boat rental service with 10 premium pontoon boats. The building's 1-acre lot leaves ample space for expansion, with preliminary plans already in place for an additional 18-room, three-story motel, exuding the charm of a Key West-style architecture.

Surrounded by the Gulf of Mexico on one side and with seven exceptional parks within 7 miles, Hernando Beach offers a blend of coastal serenity and recreational opportunities. Just a short drive away, Weeki Wachee State Park awaits with its renowned mermaid show that draws a steady stream of year-round visitors.

The Hernando Beach Motel, coupled with its on-site Captain's Boat Rental, stands as a lucrative business venture, boasting a remarkable cap rate of 9.6% based on 2023 figures when operated without payroll. Seize the opportunity to work and play in paradise with this incredible waterfront investment opportunity.
 

AMENITIES

  • Pool
  • High Speed Internet Access
  • Public Access Wifi

ROOM MIX INFORMATION

DESCRIPTIONNO. ROOMSDAILY RATESF
Guest Room7$210.00

 

PROPERTY TAXES

 

Yann Milcendeau

+1 207-692-7615

Specification

General

  • 4592
  • 1.0000
  • Investment
  • C2 (Commercial, grandfathered for boat rental business with pertinent proof on record with Hernando County.)
  • 7
  • 1961
  • 1984

Financials

  • 9.36

Hospitality

Hernando Beach Motel

# 282

SKU: 282

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