5690 Highway 1, Grant-Valkaria, FL 32949

$2,750,000
Property Type: Commercial Sale Baths: 20 Square Footage: 5,372 Lot Size (sq. ft.): 42,689 Status: Active
Current Price: $2,750,000 List Date: 3/18/2025 Last Modified: 3/19/2025

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.

More Information MLS# 1040453

Location, Tax, and Legal

Tax Account: 2956652 Parcel Number: 29-38-27-00-00506.0-0000.00 General County Location: South Tax Annual Amount: 14084.3 Tax Year: 2024 Tax Legal Description: PART OF LOT 1 SEC 27 & PT OF SE 1/4 SEC 28 AS DES IN DB 370 PG 559 Directions: To reach 5690 S US Highway 1 in Grant Valkaria, FL, head south on US Highway 1 from Melbourne, continue past the Pineda Causeway, and the property will be on your left as you approach the town of Grant Valkaria.

General Property Information

Number Of Units Total: 1 Building Area Total: 5372 Lot Size Acres: 0.98 Water Body Access YN: No List Price/SqFt: 511.91 Bathrooms Total: 20 Year Built: 1953

Remarks and Miscellaneous

Public Remarks: 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.

Construction Materials

Other: 1

Cooling

Central Air: 1

Current Use

Hotel/Motel: 1

Heating

Central: 1

Lot Features

Cleared: 1 Few Trees: 1

Parking Features

Attached: 1

Road Frontage Type

State Road: 1

Sewer

Public Sewer: 1

Unit 1 Details

Unit ID: 2 Annual Rent: 900 Unit SqFt: 700 # Units (This Type): 1 Baths Total: 1 Furnished: Unfurnished Unit Remarks: none

Utilities

Other: 1

Water Source

Public: 1

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1 Listing Agent Must Accompany: 1

Sale Includes

Building & Land: 1

Contract Information

Current Price: $2,750,000 Original List Price: 2750000 List Price: $2,750,000 Status: Active Listing Contract Date: 2025-03-18 Property Sub Type: Hotel/Motel

Location Tax and Legal

Street Number: 5690 Street Name: Highway 1 County: Brevard State: FL Postal Code: 32949 MLS Area Major: 342 - Malabar/Grant-Valkaria Subdivision Name: None

Status Change Information

Major Change Timestamp: 2025-03-18T20:33:36Z Major Change Type: New Listing Status Change Timestamp: 2025-03-18

Property Features

Construction Materials: Other Cooling: Central Air Current Use: Hotel/Motel Heating: Central Lot Features: Cleared; Few Trees Parking Features: Attached Road Frontage Type: State Road Sale Includes: Building & Land Sewer: Public Sewer Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany Utilities: Other Water Source: Public
Listing Office: Reach Commercial Real Estate
Last Updated: March - 19 - 2025
Information is deemed to be reliable, but is not guaranteed.

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