$6,700,000

- 12810 Front Beach Rd: 0.069 acres with 53' frontage - 12830 Front Beach Rd: 0.933 acres with 222' frontage - Total: 1.002 acres with 275' frontage on Front Beach Road Zoning: - Commercial High Intensity (5' setbacks, 15-story height restriction) Buildings: - 12810 Front Beach Rd: 2,500 SF (completely remodeled in 2020) - 12830 Front Beach Rd: 21,000 SF (motel and commercial rentals) - Total: 23,500 SF Revenue Information: - 12810 Front Beach Rd (Liquor Store): $1,200,000 (closed Dec & Jan) - 12830 Front Beach Rd (Motel - 41 units): ~$500,000 (includes ice cream tenant paying $2,000/month) Additional Key Details: - Liquor License: Includes a full liquor license (estimated market value of $600k-$700k) that can be extended to the motel. Includes FF&E for the liquor store and motel, as applicable. - Financials & Plans: Strong financial records for the liquor store, redevelopment plans, pricing, and reconstruction/demolition estimates (~$75k-$300k, depending on scope) are available upon request. - Diligence Completed: Phase 1 environmental study is complete with no asbestos found. Boundary and Topo Survey is also completed and available. - City Support: Local planning officials are supportive of upgrading the project; face-to-face meetings with head planners can be arranged. - Ownership Structure: Seller owns the liquor store and has the motel property under contract to purchase.