Please ensure Javascript is enabled for purposes of website accessibility

Motel operators buy U.S. 41 motel


  • By
  • | 9:52 p.m. March 11, 2010
  • | 2 Free Articles Remaining!
  • Manatee-Sarasota
  • Share

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.

 

Latest News

×

Special Offer: $5 for 2 Months!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.