4891 US Highway 1, Fort Pierce FL 34946

23-Unit Hospitality Investment | SOLD $2,100,000

• The Fountains Hotel features 23 efficiencies and suites that currently bringing in a net operating income of $240,000 a year.
• Site features renovated units and amenities such as a pool, hot tub, grill, conference center, breakfast room, on-site laundry facilities, gym, and professional center.
• Convenient driving distance to the beaches, golf, shopping and restaurants.
• Property has potential to be converted into an assisted living facility or rehabilitation center.
• Capital improvements include a new water treatment system installed in 2021 plus the construction of a new rental suite structure.