Address6490 South Us Highway 1, PORT SAINT LUCIE, FL, 34952
Price$1,600,000
- Commercial Sale
- 4,882 SQ FT
- Built in 1957
The Rainbow Motel features 13 units available as weekly rentals. One of the units is a full 2 bedroom apartment and the other 12 units are efficiencies. This property brought in a total net operating income of $225,000 for 2023 making this nearly a 12 cap how it currently sits with actual documented financials. Since the current owner purchased the property they have done major upgrades. A majority of the units have been completely upgraded including flooring, kitchens, paint, and bathrooms. This Motel offers many amenities which include in-room refrigerator, microwave, guest laundry, and ADA accessible rooms. Sited in close proximity to the beaches, golf clubs, shopping centers and restaurants this is an incredible investment.
Essential Information
- MLS® #O6178100
- Price$1,600,000
- Bathrooms0.00
- Square Footage4,882
- Acres0.49
- Price/SqFt$328 USD
- Year Built1957
- TypeCommercial Sale
- Sub-TypeHotel/Motel
- StatusActive
Community Information
- Address6490 South Us Highway 1
- AreaPort Saint Lucie
- SubdivisionWHITE CITY GARDENS UNREC
- CityPORT SAINT LUCIE
- CountySt Lucie
- StateFL
- Zip Code34952
Interior
Exterior
- FoundationSlab
Additional Information
- Date ListedFebruary 11th, 2024
- Days on Market148
- ZoningCOMM GENRA
Listing Details
- OfficeEXP REALTY LLC
Cooling
Central Air, Wall/Window Unit(s)
Price Change History for 6490 South Us Highway 1, PORT SAINT LUCIE, FL (MLS® #O6178100)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $1,950,000 to $1,600,000 |
- Xxxxx Se Morningside Blvd
- Xxxxx Se Morningside Blvd
- 2501 Se Melaleuca Se Blvd
- 1002 Se Kitching Cove Lane
- 1002 Kitching Cove Lane
- 166 Strada Tione
- 1554 Se Ballantrae Ct
- 1554 Ballantrae Court
- 134 Via Lago Garda
- 158 Se Strada Tione
- 221 Se Fiore Bello
- 1993 Se Giffen Av
- 3775 Se Jennings Road Road
- 145 Se Fiore Bello
- 108 Ne Carlisle Lane
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The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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