6490 S US HIGHWAY 1

Active

6490 S US HIGHWAY 1

PORT SAINT LUCIE FL, 34952

$1,950,000

$399.43 per sqft

Active

4,882 sqft

Commercial

Built in 1957

The Rainbow Motel features 13 units available as weekly rentals. One of the units is a full 2 bedroom apartment and the other 12 units are efficiencies. This property brought in a total net operating income of $225,000 for 2023 making this nearly a 12 cap how it currently sits with actual documented financials. Since the current owner purchased the property they have done major upgrades. A majority of the units have been completely upgraded including flooring, kitchens, paint, and bathrooms. This Motel offers many amenities which include in-room refrigerator, microwave, guest laundry, and ADA accessible rooms. Sited in close proximity to the beaches, golf clubs, shopping centers and restaurants this is an incredible investment.

O6178100

MLSⓇ ID

February 11, 2024

Listed

March 8, 2025

Updated

Interior Features

Fireplace: No
Cooling: Yes
Cooling Description: Central Air, Wall/Window Unit(s)
Heating: No

Exterior/Building Features

Lot Size: 0.49 Acres

Other Property Details

Area Name: 34952 - Port Saint Lucie
Taxes: $18,628
Tax Frequency: Annually
Association Fee Frequency: Monthly
Garage: No
View: No
County: St Lucie
Municipality: 36
Zoning: COMM GENRA

Listed by EXP REALTY LLC
Listing Contact: 888-883-8509

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Data last updated 3/8/2025, 3:33 AM UTC