Active

$1,350,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 4450 sq ft
Overview
  • ID: MFRTB8410735
  • Bedrooms:
  • Bathrooms: 0
  • Size: 4450 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$1,350,000
HOA Fee:
N/A
Tax Amount:
$24250
Price per SqFt:
$237.17
Tax Legal Description:
ST PETERSBURG BEACH REPLAT OF BLK 98 BLK 98, LOT 1
Exterior Features
Lot Size:
11500
Lot Features:
Corner Lot, FloodZone, City Limits, Near Public Transit, Sidewalk, Street Lights, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Spaces - 13 to 18, Common, Ground Level
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Ductless
Cooling:
Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
One
Additional Features
Property Sub Type:
Hotel/Motel
Style:
N/A
Year Built:
1952
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
Southwest
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    8301 BLIND PASS RD
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