Views - Eco Friendly
Address
520 & 521 DRURY LANE Punta Gorda, FL
Price
$ 1,500,000
Property Attributes
  • MLS#C7437947
  • TypeCommercial
  • CountyCHARLOTTE
  • CityPunta Gorda
  • AreaPunta Gorda
  • NeighborhoodFT OF LT B
  • Zip33950
  • StyleHotel/Motel
  • Year Built1973
  • Taxes$ 12013
  • Price$ 1,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4794
  • Lot Size1.73 Acres
Listing Provided Courtesy Of:
RE/MAX PALM REALTY
Data Source:
Stellar MLS
Property Description

WELCOME TO CABANA JOE’S the best kept secret in all of Punta Gorda. Providing guests daily and short term stays, this incredible estate is truly one of a kind. Spanning over 1.7 acres, Cabana Joe’s offers three separate buildings with room to expand the already diverse property. Designed with resort style amenities, features and atmosphere, this exceptionally established income producing property combines for a total of 10 rental units with 9 individually named cabanas and an RV. In addition to each cabana (one & two bedroom units) having their own kitchenette, bathroom, laundry space, living area and theme, many have their own private decks with hot tubs. Guests are fully submerged into the Florida vacation lifestyle with countless conveniences including a massive heated pool with waterfall, grotto style spa, volleyball court, margarita bar, tropical wooded breezeways, picnic pavilion, gym, video library, firepit, parklike common areas, three community hot tubs, cookout station, hammock section, arcade games, full pool bathroom, reptile exhibit, koi pond, free bikes/kayaks rentals and vibrant color schemes incorporated throughout. Each cabana has its own unique style with all the luxuries needed for guests to comfortably enjoy their stay, featuring flatscreen TV’s with cable, free WiFi, appliances, cookware, furnishings and linens. Completely remodeled from 2015-2016, Cabana Joe’s is 100% turnkey encompassing everything needed including the 4.8 star Google rating to continue orchestrating this thriving business. Since conception gross revenues have continued to climb year in and year out with continued repeat customers. In 2020 utilizing Airbnb, VRBO and call-in bookings the gross revenue exceeded $130,000 with minimal expenses due to newer energy efficient units, onsite staff and minimized operating costs. Extensive opportunities are available to expand into additional rental facilities, storage space or income producing uses utilizing the connected acre of cleared land zoned OMI with ability to be subdivided. Centrally located across from the famous Fat Point Brewery, Cabana Joe’s is 1.2 miles off of the interstate and 1.5 miles from downtown Punta Gorda offering fine dining, nightlife, Harbor views, walking trails and shopping. Punta Gorda airport is less than 3 miles from the resort providing convenience and extremely affordable travel arrangements. Inventory list, P&L report, confirmed bookings and additional pictures/details available.

Price History
1/28/2021 Listed $1,500,000

General Features

Additional Parcels Description 412305256006
Additional Parcels Y/N Yes
Appliances Dishwasher, Dryer, Microwave, Refrigerator, Washer
Building Area Units Square Feet
Building Features Bathrooms, Common Lighting, Fencing, Furnished, Kitchen Facility, On Site Shower, Solid Surface Counter, Stone Counter
Business Name Cabana Joes
Business Type Hotel/Motel
City PUNTA GORDA
Construction Materials Block, Concrete, Log, Stucco, Wood Frame, Wood Siding
Cooling Central Air, Wall/Window Unit(s)
County Charlotte
Days on Market 264
Directions I-75 South. West on SR 17. Right on Marlympia Way. Right on Marion Ave. Right on Drury Lane.
Flooring Ceramic Tile, Concrete, Tile, Vinyl
Heating Central, Wall Units / Window Unit
Leasable Area 4794
MLS Area 33950 - Punta Gorda
New Construction No
Ownership Other
Property SubType Hotel/Motel
Property Type Commercial Sale
Roof Built-Up, Shingle
Sewer Septic Tank
Standard Status Active
Status Active
Street Name DRURY
Subdivision Name FT OF LT B
Tax Annual Amount 12013
Tax Lot 7
Tax Year 2020
Terms Cash, Conventional
Total Number of Buildings 4
Township 41S
Utilities Public
Virtual Tour https://youtu.be/CXz8wWaLn-E
Water Access YN No
Year Built 1973
Zoning OMI

Interior Features

Flood Zone Code Zone 9AE
Living Area 4794
Living Area Units Square Feet
Livingareasource Owner
Street Suffix LANE
Total Stories 1

Exterior Features

Building Area Total 6772
Foundation Details Slab
Lot Features Paved
Lot Size Acres 1.73
Lot Size Square Feet 75517
Parking Features Common, Ground Level
Road Frontage Type County Road
Road Surface Type Paved
Water Extras YN No
Water View YN No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 33950

Price
AVG $790K
$1.5M
Taxes
AVG $5,999
$12,013
Visits
AVG 101
135
Year Built
AVG 1952
1973
Walkscore
AVG 41
20
Data Provided by Walkscore ® not using MLS data

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