These initiatives provide meaningful upside for an owner seeking to further reposition and enhance the asset. The property is offered below replacement cost and below comparable renovated boutique hotel transactions, creating a compelling investment opportunity on Florida's Treasure Coast. Additional property information, operating data, and supporting documentation are available upon request from the listing broker. Showings by appointment only with advance notice. Contact listing broker for additional information.
Financial Considerations
Price:
$5,995,000
HOA Fee:
N/A
Tax Amount:
$44114
Price per SqFt:
$1032.2
Tax Legal Description:
Seahorse Beach Bungalows – 17-key boutique hotel located at 2502 Tamarind Drive, North Hutchinson Island, Fort Pierce, Florida. Hospitality property operating under approved lodging use.