11800 Gulf Blvd - Hospitality FOR SALE


Treasure Island, FL 33706
$12,000,000 USD
727-542-0998
11800 Gulf Blvd, Treasure Island, FL for Sale
$12,000,000 USD
Hospitality - FOR SALE
1/12
null | Request Cap Rate

11800 Gulf Blvd
Treasure Island, FL 33706


HIGHLIGHTS

  • Treasure Island has recently begun to allow food and beverage operations in the gulf front motels, allowing a large income boost once in place

OVERVIEW

A rare opportunity to purchase a direct gulf-front motel. The Sands of Treasure Island features 34 units on a .86-acre lot. In addition, there is a .41-acre ancillary parking lot one block away. The first-floor units were heavily damaged during Hurricane Helene, and the property is closed and being sold "as is". This is a great opportunity for either redevelopment or renovation in the highly desirable Treasure Island community.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$531 USD /SF

# OF ROOMS

32

PRICE/ROOM

$375,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sands Of Treasure Island

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

MX-H

APN/PARCEL ID

23-31-15-91728-000-0020

ASK ABOUT THIS PROPERTY

Patrick CalhoonSmith & Associates Real EstateMore Info
727-542-0998

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Patrick CalhoonSmith & Associates Real EstateMore Info
727-542-0998

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.