5690 Highway 1 Active Save Request In-Person Tour Request Virtual Tour
Grant-valkaria,FL 32949
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 5,372 sqft
Price per Sqft $511
MLS Listing ID 1040453
Year Built 1953
Annual Tax Amount $14,084
Tax Year 2024
Lot Size 0.980 Acres
Property Sub-Type Hotel/Motel
Property Description
Pelican Lodge is a stabilized 19-unit weekly and monthly stay lodge located on US 1 in Grant-Valkaria, Florida. Acquired as a distressed asset, the property underwent a full renovation over the past year, repositioning it as an income-producing operation with 100% occupancy. Reservations are secured through May 2025, with a waitlist in place for summer months.
The lodge operates efficiently with a lean leasing and cleaning team, resulting in strong cash flow and minimal overhead. While historical financials prior to renovation are limited, current stabilized performance reflects consistent revenue generation.
Offered as a turnkey investment, Pelican Lodge is well-suited for a 1031 exchange or investors seeking immediate income with operational upside.
Location
State FL
County Brevard
Area 342 - Malabar/Grant-Valkaria
Interior
Heating Central
Cooling Central Air
Inclusions Building & Land
Exterior
Exterior Feature ExteriorFeatures
Parking Features Attached
Utilities Available Other
Building
Lot Description Cleared,Few Trees
Sewer Public Sewer
Water Public
Others
Virtual Tour https://www.propertypanorama.com/instaview/spc/1040453