Main Content

308 N Main Street, Belle Glade, FL 33430 (MLS# R10176066)

308 N Main Street, Belle Glade, FL 33430

$580,000
Property Type: Commercial Sale Square Footage: 7,185 Status: Closed
Current Price: $580,000 List Date: 10/15/2015 Last Modified: 5/19/2026

Overview

Description

RARE OPPORTUNITY TO OWN AN ICONIC BUSINESS FIXTURE IN BELLE GLADE. FOR OVER 20 YEARS THIS MOTEL HAS BEEN A PROVEN MONEY MAKER. THIS 4 BUILDING, 3 PARCEL PACKAGE CONSISTS OF 27 units: A 23 UNIT MOTEL PLUS AN ADJACENT 4 BED/4 BATH SINGLE FAMILY HOME USED AS AN OFFICE AND TO SERVICE MOTEL. OVER 13% CAP ON CURRENT NUMBERS. 138k gross, $84,537 NOI. Financials available upon bonafide offer. Sale also includes 8 NW Ave D & 9 NW Ave D.

Listing Details MLS# R10176066

General Property Information

Property Sub Type
Hotel/Motel
Number Of Units Total
27
Building Area Main
7185
Building Area Source
Public Records
Year Built
1963
Lot Size Area
113256
Lot Size Acres
2.6
Stories
2

Property Features

Building Features: Free Standing; Manager On Premises Ceiling: Plastered; Wood Panel Documents Available: Books & Records; Financial Statement; Owner Managed Electric: 220 Volts Flooring: Tile; Wood Heating: Central; Window/Wall Location of Property: Central Business District Possession: Negotiable Property Condition: Resale Sale Includes: Building; Land; Trade Name Construction Materials: CBS; Frame; Stucco Cooling: Central Air; Wall/Window Unit(s) Listing Terms: Cash; Conventional Traffic Type: Auto; Heavy Roof: Composition; Tar/Gravel Security Features: Closed Circuit Camera(s); Security System Owned; Smoke Detector(s) Sewer: Public Sewer Structure Type: Hotel/Motel Utilities: Cable Available Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Schedule Online Contingencies: Appraisal

Contract Information

Comp Sale YN
No
Original List Price
599000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
308
Street Direction Prefix
N
Street Name
Main
Street Suffix
Street
City Name
Belle Glade
State Or Province
FL
Postal Code
33430
Area
5550
Geographic Area
PB27
Parcel Number
04374331010180090
Multiple Offers Accepted
Yes
Zoning
COM
Directions
Mapquest please
Property Description
Motel

Financial Information

Tax Annual Amount
2471.44
Tax Year
2015
Tax Legal Description
31-43-37, SUB BY STATE SURVEY E 97 FT OF W 607 FT OF S 75 FT OF N 175 FT OF LT 18

Remarks and Miscellaneous

Public Historical Remarks
Building Type: Y, Miscellaneous: Y, Miscellaneous: Y

More Information

Status Change Information

Major Change Timestamp
2016-03-16T20:13:34Z
Major Change Type
Status Change
Status Change Date
2016-03-16
Under Contract Date
2016-03-01
Close Date
2016-03-07
Close Price
580000
Buyer Financing
Conventional

Building and Property Details

# Of Offices
Yes
# Of Toilets
27
% Air Conditioned
100
Maximum Ceiling Height
8

Meter Information

Number Of Meters Total
2

Income and Expenses

Gross Income
138833
Gross Scheduled Income
138833
Net Operating Income
84537
Operating Expense
54296
Vacancy Allowance Rate
0

Price Calculations

Current Price To SqFt
80.72
Original List Price To Close Price
1.03

Originating Details

Originating System Key
20151014204216083618000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

220 Volts
Yes

Flooring

Tile
Yes
Wood
Yes

Property Condition

Resale
Yes

Documents Available

Books & Records
Yes
Financial Statement
Yes
Owner Managed
Yes
Photos
Yes

Structure Type

Hotel/Motel
Yes

Location of Property

Central Business District
Yes

Possession

Negotiable
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes

Building Features

Free Standing
Yes
Manager On Premises
Yes

Ceiling

Plastered
Yes
Wood Panel
Yes

Heating

Central
Yes
Window/Wall
Yes

Sale Includes

Building
Yes
Land
Yes
Trade Name
Yes

Construction Materials

CBS
Yes
Frame
Yes
Stucco
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Composition
Yes
Tar/Gravel
Yes

Security Features

Closed Circuit Camera(s)
Yes
Security System Owned
Yes
Smoke Detector(s)
Yes

Water Source

Public
Yes

Cooling

Central Air
Yes
Wall/Window Unit(s)
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes
Schedule Online
Yes

Traffic Type

Auto
Yes
Heavy
Yes

Contingencies

Appraisal
Yes
Listing Office: Keller Williams Eagle Realty
IDX
Last Updated: May - 19 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Skip to content