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Motel operators buy U.S. 41 motel

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  • | 9:52 p.m. March 11, 2010
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  • Manatee-Sarasota
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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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