BANK OWNED - 16 unit Vacant motel for Sale - - Lake Worth BANK OWNED - 16 unit Vacant motel for Sale - - Lake Worth $500,000 7140 Sq Ft

List Date	06/01/2009			Federal Highway
Status	Active

Additional Information

This recently foreclosed property is too new to be listed. BANK OWNED – 16 room Vacant motel for sale Location Description: On Federal Highway in redevelopment area of Lake Worth. Buildings: (2) are approximately 7140 sq ft. Land is approximately 0.70 Acres. Zoning: Land zoned for apartments, retail plaza, office plaza, storage units, assisted living facility or day spa. Property Description: There is currently a vacant 16 unit Key West style motel, with pool and Tiki Bar on property that could be demolished or refurbished for operating motel or residential apartment units. Some renovations have already been done to buildings and pool. The Land is long and narrow and is a corner lot which is perfect for building retail plaza, retail office plaza, storage units, etc. Price: Bank is very motivated so bring all offers. They probably would consider $400,000 to $450,000 ($25,000/unit) with the right terms. This property was recently on the market for $1,500,000. For more information please call : Gene Soyka Commercial Real Estate Services

For more information or to schedule an appointment please contact Gene Soyka (561) 573-4073

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