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Wade M. Berlin

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Broker IDX Sites Inc.
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402 Orlando Avenue
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PRICED AT ONLY: $2,100,000

Address: 402 Orlando Avenue, COCOA BEACH, FL 32931

Description

8.2% cap rate, financials available. The Juni is a fully renovated & fully furnished boutique motel located just steps from the iconic Cocoa Beach. The Juni was fully renovated in 2024, full renovation list available. With 7 beautifully designed units, its the perfect blend of modern design and coastal charm. The Juni is located in a prime location, a 500' walk to public access to the shores of Cocoa beach and half a mile from downtown Cocoa Beach shores. Unit Mix: 5 Studio units with kitchenettes, 1 One Bedroom unit with full kitchen, 1 Two Bedroom unit with full kitchen and laundry. Other features include a stock tank plunge pool, outdoor space and bbq area, keyless entry, onsite parking and high speed wi fi. This property offers great investment potential with its modern updates and prime location in Cocoa Beach. The Juni Motel combines cash flow with branding appeal, making it a standout opportunity! Selling with turn key ability: property management, revenue management, guest experience management, online travel agencies set up, direct booking website, google/apple business maps transferable, accounts/reviews transferable, returning guests, group booking contracts in place, central IT hub, City of Cocoa Beach and State of Florida licenses and qualified.
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  •   Home Insurance $
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  • MLS#: O6317171 ( Commercial Sale )
  • Street Address: 402 Orlando Avenue
  • Viewed: 44
  • Price: $2,100,000
  • Price sqft: $638
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 3292
  • Days On Market: 63
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Flooring: Laminate
  • Living Area: 3156.00
  • Roof: Shingle
Property Information
  • Property Condition: Completed
Land Information
  • Lot Features: City Limits, Landscaped, Paved
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Parking Spaces - 6 to 12
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Ductless
  • Road Frontage Type: City Street, Main Throrughfare
  • Sewer: Public Sewer
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 171561.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Country: US
  • Legal Description: COCOA BEACH PLAT OF BLKS 37 & 28A LOT 1 BLK 37
  • Area Major: 32931 - Cocoa Beach
  • Occupant Type: Tenant
  • Parcel Number: 25 3715-DF-37-1
  • Possession: Close Of Escrow
  • Views: 44
  • Zoning Code: RM1
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  3. 750.420.3943
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Wade M. Berlin