The Multifamily Firm is pleased to present the Nokomis Inn & Suites in Sarasota County, located just north of Venice, Florida, and 3 minutes from Nokomis Beach at the south end of Casey Key. Originally acquired by ownership for conversion into a mental & behavioral health facility, after short operation as such, the site did not align with the future business model of the company. As a result, the property is currently running as a limited operation boutique motel to produce cash flow and provide a jumping off point for new ownership to operate as they see fit.
Consisting of 23-units in 5 buildings on 1 parcel totaling 1.21 acres, the property has direct frontage on Route 41 / Tamiami Trail (46,000 AADT), as well as highly favorable Commercial General (CG) zoning providing a diverse range of re-development opportunities. Additionally, the property features rock-solid masonry construction, with updated PVC plumbing throughout and extensive interior/exterior improvements completed in 2016 & 2019.
Please view the property Offering Memorandum for more details!
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|
| Suite | 4 | $122.00 | - |
| Guest Room | 17 | $74.00 |
PROPERTY TAXES
| Parcel Number | 0171-10-0024 | Improvements Assessment | $1,157,900 |
| Land Assessment | $621,000 | Total Assessment | $1,778,900 |
Phil Ginexi
Kyle Keelan
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