Active

$2,090,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 3106 sq ft
Overview
  • ID: MFRTB8426270
  • Bedrooms:
  • Bathrooms: 0
  • Size: 3106 sq ft
Property Details
Remarks
Welcome to the Marbay Motel, a well-established property with unique character and tremendous potential in Safety Harbor. This 8-unit motel plus office with attached bedroom and 9 bathrooms sits on a spacious 1.54-acre lot in a prime location. Currently generating an average of $20K in monthly revenue, this property is both a proven income producer and a rare redevelopment opportunity. The 8 remodeled units each feature kitchenettes, with SMART systems including locks and TVs for modern convenience. The office with an attached bedroom adds flexibility for on-site management. Recent upgrades include 4 new A/C units (2024 & 2025), a repaved parking lot, and other ongoing improvements. Guests enjoy on-site amenities such as mini golf, on-site laundry, a covered pergola with BBQ. The property has even made appearances in two films and a recent Publix commercial, adding to its local charm and recognition. With its prime Safety Harbor location, this property is ideal for hosting events or exploring future development. A request to negotiate with the city has already been approved to rezone for residential buildings, opening the door for 10–12 potential residential structures - a fantastic opportunity for the right developer to bring the vision to life. Just 5 minutes from downtown Safety Harbor’s restaurants, breweries, and shops, and close to Philippe Park with water sports rentals and a boat ramp, this property is also only 6 minutes to Chi Chi Rodriguez Golf Course and less than 30 minutes to Tampa, TIA, Raymond James Stadium, and the Gulf beaches. Whether you’re looking for a profitable short-term rental/motel business or a prime redevelopment project, the Marbay Motel offers endless possibilities.
Financial Considerations
Price:
$2,090,000
HOA Fee:
N/A
Tax Amount:
$18544
Price per SqFt:
$578.95
Tax Legal Description:
PART OF GOVT LOT 1 IN NE 1/4 OF SEC 27-28-16 DESC FROM SE COR OF SD GOVT LOT SD COR ALSO BEING SE COR OF NE 1/4 OF NW 1/4 TH "N89D40'11""W 315 ALG S" BNDRY OF SD GOVT LOT 1 FOR "POB TH CONT N89D40'11""W" 154.06FT TO C/L OF HWY NO "590 TH N30D16'21""W " "348.53FT TH S89D40'11""E" 391.31FT PARALLEL TO S BNDRY OF SD GOVT LOT 1 TH "S00D17'40""W 142.5FT" PARALLEL TO E BNDRY OF SD "GOVT LOT 1 TH N89D40'11""W" "60FT TH S00D17'40""W" 157.5FT TO POB LESS W'LY 33FT FOR RD R/W & LESS E 20FT OF N 142.5FT CON T 1.54 AC(C)
Exterior Features
Lot Size:
66991
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Spaces - 13 to 18
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Wall/Window Unit(s)
Appliances:
Microwave, Refrigerator
Furnished:
No
Floor:
Carpet, Laminate, Tile
Levels:
N/A
Additional Features
Property Sub Type:
Hotel/Motel
Style:
N/A
Year Built:
1950
Construction Type:
Block, Concrete, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    3110 PHILIPPE PKWY
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