1161 & 1199 N Dixie FWY New Smyrna Beach, FL 32168

THIS ENTIRE SUBJECT CONSISTS OF 2 SEPARATE PARCELS, A MOTEL/"B-3" ZONED COMMERCIAL PROPERTY THAT WAS INITIALLY BUILT IN 1949, AND A VACANT ~16,500 SF LAND PARCEL THAT IMMEDIATELY ABUTS JUST TO THE NORTH GIVING 300 FT OF FRONTAGE ON US HWY 1. THE MOTEL PROPERTY MAINTAINS TWO BASIC STRUCTURES, WHICH ENTAILS BOTH A 14 UNIT LODGING FACILITY WITH VARIOUS SIZED EFFICIENCIES ALL CONSTRUCTED OF 4" 'MASONRY' BLOCK WITH WOOD FRAMED TRUSSES ALONG WITH THE ORIGINAL CLAY 'BARREL' TILE ROOFING SYSTEM STILL IN PLACE. THE SECOND BUILDING ENCOMPASSES AN ~3,104 SF TWO-STORY MIXED COMMERCIAL & RESIDENTIAL UNIT THAT IS OWNER-OCCUPIED WITH THE MOTEL'S OFFICE AND POOL FACILITY SITUATED OUT IN FRONT OF THE PROPERTY. THE PROPERTY MAINTAINS GOOD INGRESS AND EGRESS WITH A LARGE CIRCULAR FLOWING ASPHALT PAVED DRIVEWAY WITH PARKING FOR EACH OF THE UNITS. THE SPARE LOT TO THE NORTH PROVIDES GOOD OVERFLOW PARKING WHEN NEEDED. OWNERS HAVE OPERATED THE MOTEL SINCE 2000 AND ARE LOOKING TO NOW FULLY RETIRE OFFERING THIS PROPERTY ON AN 'AS-IS'/'WHERE-IS' BASIS TO ANY BUYER WHO SO WOULD HAVE THE VISION TO BUY AND CONVERT THE SUBJECT TO THEIR OWN MOTEL FLAG, SMALL APARTMENT EFFICIENCIES, OR MINI-COMMERCIAL/PROFESSIONAL OFFICE SUITES AS PER THE ALLOWABLE ZONING IN PLACE. THE RESIDENTIAL UNIT IS LOCATED ON THE SECOND STORY OF THE 2ND BUILDING AND IS FULLY HABITABLE WITH A 180 DEGREE PANORAMIC VIEW, FROM THE CANTILEVERED BALCONIES, OF THE ESTUARY WATERS THAT RUN BEHIND THE ENTIRE SUBJECT. THERE IS A LARGE FULL GARAGE/OFFICE AND STORAGE SPACE BENEATH THE UNIT WITH THE ENTIRE BUILDING ALSO BUILT OF CONCRETE MASONRY WITH A POURED CONCRETE SECOND FLOOR. ;Water: City