12315 Gulf Blvd - Hospitality FOR SALE


Treasure Island, FL 33706
$2,395,000 USD
727-410-5522
12315 Gulf Blvd, Treasure Island, FL for Sale
$2,395,000 USD
Hospitality - FOR SALE
1/44
null | 9.73% Cap Rate

12315 Gulf Blvd
Treasure Island, FL 33706


HIGHLIGHTS

  • Zoned and licensed for daily rentals
  • 2 minutes walk to major tourist destination John's Pass Village & Boardwalk
  • Walkable to Treasure Island beach

OVERVIEW

Silver Sands is an 8 unit licensed hotel comprising three buildings and a large courtyard at an amazing 10 CAP RATE. Located just steps to the beach, this boutique hotel offers one bedroom suites to fit all types of vacationers. These spacious units all feature a combined living and dining area, generous kitchenette and separate bedroom and bathroom. The bottom floor units offer a charming front patio that opens to a large landscaped courtyard, putting guests in a vacation state of mind. An additional outdoor area for relaxing in the Gulf breeze ensures parties of all size can find a tropical sanctuary. This boutique hotel is renovated with new roofs, HVAC and water heaters presenting the buyer with a low maintenance, tropical oasis. New floors and cabinets are just another highlight. Reserved on site parking is popular with guests. Prime Gulf Blvd location with direct access to a crosswalk makes staying here a breeze. The property is a two minute walk to Pinellas County's #1 tourist destination John's Pass Village & Boardwalk featuring shopping, restaurants, jet ski rentals, sunset cruises, fishing charters and live music. Treasure Island beach is located steps away and beacons guests to relax and stay a while. This property is currently in the process of being renovated after receiving water intrusion from Hurricane Helene. Permits are already in place, giving the new owner the opportunity to be one of the first hotels reopening on the beaches and to take advantage of the busy winter and spring seasons. Additional 10 unit hotel for sale next-door, schedule your tour today.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$535 USD /SF

# OF ROOMS

8

PRICE/ROOM

$299,375 {currency}

CAP RATE

9.73%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Silver Sands Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

RFM30

APN/PARCEL ID

15-31-15-17784-011-0010

ASK ABOUT THIS PROPERTY

Evan PedoneEngel & Volkers Madeira BeachMore Info
727-410-5522

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Evan PedoneEngel & Volkers Madeira BeachMore Info
727-410-5522

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