Hotels /FL /Pinellas County /Saint Petersburg /4400 34th St S
Hotels /FL /Pinellas County /Saint Petersburg /4400 34th St S

4400 34th St S - Hospitality FOR SALE


Saint Petersburg, FL 33711 | 
$8,500,000 USD
727-461-1000
4400 34th St S, Saint Petersburg, FL for Sale
$8,500,000 USD
Hospitality - FOR SALE
1/23
null | 7.93% Cap Rate
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4400 34th St S
Saint Petersburg, FL 33711

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HIGHLIGHTS

  • High positive cash flow
  • Rezoned in activity center with many new developments
  • Occupancy historically over 90%
  • Current zoning allows for new residential development with 96 units or 115 units with workforce housing

OVERVIEW

High positive cash flowing motel with 52 units, including 22 efficiencies. Area rezoned under Skyway Marina Development Activity Center with a residential density of 96 units and overall density of 120 units with workforce housing.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$316 USD /SF

# OF ROOMS

54

PRICE/ROOM

$157,407 {currency}

CAP RATE

7.93%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bayway Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1984

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

71,046 SF

ZONING

AC

APN/PARCEL ID

02-32-16-57269-001-0010

ASK ABOUT THIS PROPERTY

Josiah GrossEngel & Völkers BelleairMore Info
727-461-1000

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Josiah GrossEngel & Völkers BelleairMore Info
727-461-1000

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