Sea Spray Inn
in prime south beach location 965 East Causeway Blvd | Vero Beach, FL 32963 Offered at $3,550,000 17 unit inn located just steps to the ocean, South Beach Park, and restaurants. Rarely offered studio & 1 bedroom floor plans. Heated pool, roof-top deck, outside courtyard, fully equipped kitchens, WiFi, HBO, and laundry facilities. Money maker. Call for financials! NDA required. Buyer to verify all income/expenses. Rarely offered opportunity to own a marquis income property mere steps to Vero’s best guarded beach! Walk to restaurants and a short distance to the alluring shopping and activities of the Vero Beach Ocean Drive district. Every unit has a kitchenette, there’s both a large pool and a rooftop gathering area. The property is at the east end of the 17th Street Causeway with easy access to grocery stores and the bustling US 1 business district. LOCATION, LOCATION! Here’s an opportunity to own a generational property for you and your family!
The Sea Spray Inn Vero Beach is a Classic Florida Style Inn that will bring back memories of a simpler time on the Treasure Coast. Steps from the glistening azure waves of the Atlantic Ocean, a relaxing tropical vacation awaits for guests.
Upon arriving at this 17 unit hotel, guests are immediately greeted by lush tropical landscaping and an inviting registration office with its own deck overlooking the pool and courtyard.
The heated pool in the courtyard is the perfect place for an afternoon dip, and the deck and outdoor shower provide the perfect place to soak up the Florida sun. The lush garden surrounding the pool provides a touch of privacy.
The rest of the courtyard opens up to a grassy landscaped area with tiki tables, perfect for guests to enjoy a picnic after a relaxing dip in the pool. The Florida lifestyle is fully encapsulated here amidst the swaying palm fronds and colorful plants and flowers.
The two story hotel features 17 units with fully equipped kitchens, all overlooking the serene pool and courtyard.
The room layouts are either a studio style or 1 bedroom style with a separate bedroom. The 1 bedroom style opens to a light and bright living room adjacent to a fully equipped kitchen complete with stove, oven, microwave, and full sized refrigerator.
The separate bedroom boasts a queen size bed, closet and dresser, and a full bathroom across the hall. The tranquil pool surrounded by tropical foliage is right outside the door.
The studio room layout features an open and bright living area with queen bed, quaint dining area, and adjacent fully equipped kitchen with extended counter space.
A closet and full bathroom are around the corner.
Guests will relax, drift away and enjoy the large roof deck overlooking the tropical courtyard for sunbathing in the afternoon or stargazing with a glass of wine in the evening.
The Sea Spray Inn in Vero Beach is the perfect destination for guests to plan their next beach vacation or romantic getaway, located just steps from one of the best beaches on the Treasure Coast and convenient to Vero’s alluring beachside shops, restaurants and amenities.
Vero Beach offers a year round calendar of events, festivals and other activities, as well as a lively cultural scene, including the Riverside Theatre for the performing arts and Vero Beach Museum of Art. A tropical climate, excellent community, few high rise buildings, low traffic, and gorgeous wide white sand beaches make the area unique. Large metropolitan cities such as Miami, Palm Beach, and Orlando are also an enjoyable distance away. Enjoy a plethora of activities nearby including, golf, cycling, tennis, kayaking, watersports, and more.
Sea Spray Inn
in prime south beach location 965 East Causeway Blvd | Vero Beach, FL 32963 Offered at $3,550,000 17 unit inn located just steps to the ocean, shops, and restaurants. Rarely offered studio and one bedroom floor plans. Heated pool, roof-top deck, outside courtyard, fully equipped kitchens, WiFi, HBO and laundry facilities. Money maker. Call for financials! NDA required. For additional information and a private tour call:
&
Michael Kimberly THORPE
BROKER OWNERS 772.5 3 2 .04 49 t ho r p e@ tcs i r.co m ®, ™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates, Inc. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned and Operated, Except Offices Owned and Operated By NRT Incorporated.
Client Full MLS #206598
965 E Causeway BLVD, Vero Beach 32963 Status:
$3,550,000 Active
Subdivision: Pelican Cove Type:
Commercial/Industrial
Style:
Hotel/Motel
Year Built:
1956
Zoning:
Commercial
#Stories:
2
Real Est Incl: Yes
Bldg SqFt:
7,342
Acreage:
BusSqft:
Acre Range:
SqFt: 1/4 to 1/2 Acre
17 unit inn located just steps to the ocean, shops, and restaurants. Rarely offered studio & 1 bedroom floor plans. Heated pool, roof-top deck, outside courtyard, fully equipped kitchens, WiFi, HBO, and laundry facilities. Money maker. Call for financials! NDA required. Buyer to verify all income/expenses. Const Type:
Concrete Block
Roof:
Rolled, Shingle
Ceiling Hght: 8-10 Feet Floors:
Other
Miscellan:
Bus Name: Sea Spray Inn Ownrshp Type: Bus Feature: Hrs Bus Open: Years Estab: Years Owned: 7.0000 # Employees: 3 Manager: No % Ownr Wrks: # Prkng Spcs: Flood Insur:
Lot Size: Road Type:
.34 2 Lane Road
Land Desc: Frontage Desc: County Road, Paved Road
Heating:
Other
Air Cond:
Ceiling Fans, Window Unit(S)
#Heat Units: Water:
17
#AC Units: Sewer:
17 City
Lease Type: Leased Sqft: % Leased: Docs Avail:
Aerial Photo(S), Annual Property Operating, Survey
Annual Expenses/Income Total Assessment: $776,785 Personal Prop Tax: $0 Real Estate Taxes: $0 Utilities: $0 Repair/Maint Exp: $0 Services: $0 Insurance: $0 Common Area Maint: 0 Management: $0 Total Expenses: $0 Gross Oper Inc: Net Oper Inc:
Directions:
$588,622 $239,154
Monthly Rent: Lease Expires: Renewal Opt:
Annual Assets/Income Accounts Received: Equip/Furn/Fixt: Inventory: Real Estate: Land Holdings: Other Assets: Total Assets: Gross Bus Sales Inc: Gross Bus Profit: Expenses: Net Bus Income: Expenses Include Depreciation: Fringe Benefits: Owner Salary:
Central Vero, take Highway A1A east on 17th Street Causeway to property on north side before beach & park.
Additional information available once a nondisclosure agreement is signed.
Sea Spray Inn | Vero Inn Beach Sea Spray
Steps to the ocean and park and convenient to Vero’s alluring beachside shops, restaurants in prime south beach location and amenities is this charming Florida Style Inn. The Sea Spray Inn in Vero Beach offers an unmatched variety of accommodations near the beach with seventeen (17) unique, newly Eastbedroom Causeway Blvdfully | Vero Beach, FL all32963 updated studio965 and one suites with equipped kitchens, overlooking a lush tropical courtyard heated pool. Offered at and $3,550,000 Amenities Heated swimming pool Rooftop terrace and garden Concierge services Gift shop Newsstands Luggage storage Guest laundry facilities Library Free self-parking onsite 17 Air conditioned studio and one bedroom suites with tropical decor Complimentary WiFi and HBO Free local and long distance calls to all of North America Fully equipped kitchens including stove, refrigerator, microwave, toaster, coffee maker Smoke free property Barbecue grill(s) Hair dryers Quiet relaxing atmosphere One of the Best Beaches in Florida on the Treasure Coast We offer beach chairs & beach towels Free RV, Bus and Truck Parking Porter/Bellhop Services Use of nearby fitness center (discounted)
Kimberly Thorpe, Broker Owner | 772.532.5233 | kthorpe@tcsir.com Michael Thorpe, Broker Owner | 772.532.0449 | mthorpe@tcsir.com
Disclaimer: Buyer(s) to verify all information. Broker/Brokerage & its employees are not responsible for errors or omissions.