Hotel in Saint Pete Beach, Florida 413.42 sq.m. № 1844761

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Hotel in Saint Pete Beach, Florida 413.42 sq.m. № 1844761
ID1844761 $ 1 350 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £
1844761

Property description

Investment opportunity in paradise. This boutique motel harkens back to a bygone era of old-Florida, with clean and cozy accommodations with the onsite pool being the heart of the property. There are a total of 12 rooms: 4 Deluxe studios - galley style kitchenette with apt size fridge/freezer & lg toaster oven, king bed, futon. 2 Family Studios - queen bed, twin bed, kitchenette w/ mini fridge. 3 Standard Studios - queen bed, kitchenette w/ mini fridge. 2 Basic Studios - similar to standard studios but smaller sq ft. All studios equipped with cookware, dishes/utensils, hot plate, coffee maker, microwave, toaster. There is also a 2 bedroom unit with a full kitchen. This property is represents a nice investment opportunity in the local hospitality industry. The Gulf Beaches have seen consistently increasing tourism numbers with a shortage of budget-friendly accommodations, making this property extra special. The property was impacted by flooding from hurricane Helene and has been professionally remediated.
It is now ready for renovations, with a contractor on stand by to get started. All plans and forms are ready to submit for the necessary permits. Based on owner's findings and a recent ACV appraisal the property can be restored under the FEMA 50% threshold.
MLS #: TB8410735
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CitySaint Pete Beach
Address8301 BLIND PASS ROAD
TypeHotel
Living space413.42 m²
  • sq. ft
Completion dateIV quarter, 1952
Price
  • Price
  • per m²
$ 1 350 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £
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