SoldMLS# 223026449
1 / 48$4,000,000
$4,200,000 list price
151 1st AVE
location_onMARCO ISLAND, FL 34145 · Collier County
1968Built
About This Property
The Marco Island Lakeside Inn. Opportunity is knocking and you have 24 doors to answer. Hyper rare offering of 2 hotel buildings and 3 adjoining duplex homes, combined there are 24 units. The main building features 2-two bedroom/1 bath units and 8-1 bedroom/1 bath units. These 10 units were just totally remodeled and beautifully furnished. They have full kitchens and spectacular views of Marco Lake. The second adjacent hotel building features 7 studio/efficiency units and 1-2 bedroom/1 bath unit. The 3 duplex homes have 6 total 2-bedroom/1 bath units. The 8-unit hotel building and the 3 duplexes all suffered water intrusion from Hurricane Ian. All of those units have been gutted out to a degree, and all new A/C units have been installed. There are some new refrigerators, stoves, and microwaves being stored in the main building that are included in the sale. The main building used to be the home of Busghetti's Restaurant and that part of the building has been gutted. You could either put in a new restaurant or add a minimum of 2 additional hotel rooms.