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North Port motel operators buy the U.S. 41 motel
BUYER: Warm Mineral Springs Motel Inc. (principals: Karl Gerhard, Roger Herber and Karl Vivienne), North Port
SELLER: Gisel Dierig
PROPERTY: 12597 S. Tamiami Trail, North Port
PRICE: $350,000
PREVIOUS PRICE: $280,000, February 1996
LAW FIRM ON DEED: Steven W. Ledbetter, attorney at law, Venice
PLANS, DESCRIPTION: Karl Gerhard, Roger Herber and Karl Vivienne purchased the 28-room Warm Mineral Springs Motel on U.S. 41 for $350,000.
The purchase price equated to $12,500 per unit.
The buyers have been operating the motel for years. Originally built in 1958, the motel features a pool, Jacuzzi, gas grills, children's playground and shuffle board courts.
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