21252 US Highway 19 N - Hospitality FOR SALE
Clearwater, FL 33765 |
21252 US Highway 19 N
Clearwater, FL 33765
HIGHLIGHTS
- 118-Room Limited-Service Hotel | Magnuson Hotel Clearwater Central
- $500,000+/- in Renovations
- Redevelopment Opportunity - Maximum Building Height Up to 150ft - 2.5 Floor-Area-Ratio - Ability to Increase Unit Density On-Site
- YE 2019 Approximate Net Operating Income of $536,596 | 8.52% Cap Rate
- YE 2019 Room Revenue of $1,942,153 | Offered at Approximately a 3.24x Room Revenue Multiplier
- $53,389 Per Key | SBA Financing Available
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Magnuson Hotel - Clearwater, Florida
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
53428
STORIES
2
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1972
PARKING SPACES
128
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
US 19
APN/PARCEL ID
18-29-16-00000-110-0800
