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Hilary Cox

hilarycox@hawkinspoe.net +1(253) 258-1029

$ 1,500,000

Est. payment | -/mo

4,794 SqFt

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$ 1,500,000

Est. payment | -/mo

Save Virtual Tour

4,794 SqFt

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 4,794 sqft

Price per Sqft $312

Subdivision Ft Of Lt B

MLS Listing ID C7437947

HOA Y/N No

Total Fin. Sqft 6772

Year Built 1973

Annual Tax Amount $12,013

Tax Year 2020

Lot Size 1.730 Acres

Acres 1.73

Property Sub-Type Hotel/Motel

Property Description

WELCOME TO CABANA JOE'S the best kept secret in all of Punta Gorda. Providing guests daily and short term stays, this incredible estate is truly one of a kind. Spanning over 1.7 acres, Cabana Joe's offers three separate buildings with room to expand the already diverse property. Designed with resort style amenities, features and atmosphere, this exceptionally established income producing property combines for a total of 10 rental units with 9 individually named cabanas and an RV. In addition to each cabana (one & two bedroom units) having their own kitchenette, bathroom, laundry space, living area and theme, many have their own private decks with hot tubs. Guests are fully submerged into the Florida vacation lifestyle with countless conveniences including a massive heated pool with waterfall, grotto style spa, volleyball court, margarita bar, tropical wooded breezeways, picnic pavilion, gym, video library, firepit, parklike common areas, three community hot tubs, cookout station, hammock section, arcade games, full pool bathroom, reptile exhibit, koi pond, free bikes/kayaks rentals and vibrant color schemes incorporated throughout. Each cabana has its own unique style with all the luxuries needed for guests to comfortably enjoy their stay, featuring flatscreen TV's with cable, free WiFi, appliances, cookware, furnishings and linens. Completely remodeled from 2015-2016, Cabana Joe's is 100% turnkey encompassing everything needed including the 4.8 star Google rating to continue orchestrating this thriving business. Since conception gross revenues have continued to climb year in and year out with continued repeat customers. In 2020 utilizing Airbnb, VRBO and call-in bookings the gross revenue exceeded $130,000 with minimal expenses due to newer energy efficient units, onsite staff and minimized operating costs. Extensive opportunities are available to expand into additional rental facilities, storage space or income producing uses utilizing the connected acre of cleared land zoned OMI with ability to be subdivided. Centrally located across from the famous Fat Point Brewery, Cabana Joe's is 1.2 miles off of the interstate and 1.5 miles from downtown Punta Gorda offering fine dining, nightlife, Harbor views, walking trails and shopping. Punta Gorda airport is less than 3 miles from the resort providing convenience and extremely affordable travel arrangements. Inventory list, P&L report, confirmed bookings and additional pictures/details available.

Location

State FL

County Charlotte

Area 33950 - Punta Gorda

Zoning OMI

Interior

Cooling Central Air, Wall/Window Unit(s)

Flooring Ceramic Tile, Concrete, Tile, Vinyl

Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer

Exterior

Parking Features Common, Ground Level

Utilities Available Public

Roof Type Built-Up,Shingle

Building

Story 1

Foundation Slab

Lot Size Range 1 to less than 2

Sewer Septic Tank

Structure Type Block,Concrete,Log,Stucco,Wood Frame,Wood Siding

New Construction No

Others

Tax ID 412305256012

Ownership Other

Acceptable Financing Cash, Conventional

Virtual Tour 2 https://youtu.be/CXz8wWaLn-E

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://youtu.be/CXz8wWaLn-E

Listed by RE/MAX PALM REALTY

Nearby Locations

Hilary Cox

Broker Associate License ID: 156992

+1(253) 258-1029 | hilarycox@hawkinspoe.net

520 & 521 DRURY LANE Punta Gorda, FL 33950

Hilary Cox

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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520 & 521 DRURY LANE