1466 Gulf to Bay Blvd - Hospitality FOR SALE


Clearwater, FL 33755
$1,995,000 USD
813-767-9953
1466 Gulf to Bay Blvd, Clearwater, FL for Sale
$1,995,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

1466 Gulf to Bay Blvd
Clearwater, FL 33755


HIGHLIGHTS

  • 12-Rooms | 1 Story | Exterior Corridor
  • 5/12 Rooms Unfinished and Require FF&E / Bathrooms
  • Ideal Room Count, Perfectly Suited for an Owner-Operator
  • $372,000+/- in Renovations for Furniture and Fixtures in 2023
  • 1.7 Miles to Cleveland Street District, Downtown Clearwater
  • Pro-Forma ADR/RevPAR/OCC: $95.00 ADR / $77.90 RevPAR / 82.00% OCC

OVERVIEW

OFFERING OVERVIEW: DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Jambu Suites, located in Clearwater, Florida. The 12-room exterior corridor hotel is located in close proximity of Route 60 (55,000 AADT), allowing easy accessibility to area beaches and attractions. Currently, 5 out of the 12 rooms remain unfinished and require FF&E installation and bathroom completion. The subject property is approximately 3.5 miles from BayCare Ballpark, 4.2 miles from Clearwater Beach, and 20.3 miles from Tropicana Field. The prime location near route 60 positions the newly renovated hotel for significant growth in the years ahead once it achieves stability. PROPERTY OVERVIEW: The Jambu Suites in Clearwater, Florida, is a well-positioned hospitality property made up of 3 buildings, offering a blend of comfort and convenience in one of the Sunshine State’s premier destinations. This mid-scale property was built between 1948-1956 and remains in good condition due to recent renovations totaling approximately $372,000+/- for new furniture and fixtures. The property features 12 guest rooms designed to cater to both leisure and business travelers, with modern amenities and thoughtful touches to ensure a memorable stay. Situated close to Clearwater’s pristine beaches, vibrant dining, and shopping districts, the property benefits from year-round demand fueled by tourism and local business activities. With easy access to major highways and attractions like Clearwater Marine Aquarium and Pier 60, Jambu Suites presents a compelling investment opportunity in a thriving market. MARKET OVERVIEW: Clearwater, located in Pinellas County, Florida, is a prime destination for both leisure and business travelers. Known for its white sandy beaches, proximity to Tampa Bay, and a robust local economy, the area has a vibrant hospitality sector that benefits from year-round tourism, a warm climate, and significant cultural and sporting events. Clearwater Beach is consistently ranked among the best beaches in the U.S., attracting millions of visitors annually. The area also benefits from its proximity to other tourist hubs like Tampa and St. Petersburg. Clearwater’s growing business sector and proximity to Tampa Bay have driven demand for corporate travel accommodations. Companies in tech, healthcare, and finance contribute to this demand.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$384 USD /SF

# OF ROOMS

11

PRICE/ROOM

$181,364 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jambu Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1948

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

D

APN/PARCEL ID

14-29-15-10476-005-0090

ASK ABOUT THIS PROPERTY

Dennis Hopper CCIMDSH Hotel AdvisorsMore Info
813-767-9953

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Dennis Hopper CCIMDSH Hotel AdvisorsMore Info
813-767-9953

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