Motel in Clearwater Florida

Hospitality for Sale
Catylist Listing ID: 30668376
Property Subtypes: Motel
Number of Units: 11 Units
Building Size (RSF): 3,520 SF
Gross Building Area: See Agent
Gross Land Area: 12,036 SF
Sale Price: $695,000
Unit Price: $63,181.82 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Building Name: Patio Motel
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 11/21/2020

Overview / Comments

Excellent opportunity, in a great location. Easy to manage Motel in Clearwater near Downtown. Total 11 units, 10 units plus 1 unit for owner or manager, if on-site. Operating weekly and daily rentals. The seller is willing to entertain owner financing, to a qualified buyer, with competitive rates and conditions. Please contact Broker for more information, viewing of this property, only with Broker on appointment. Thank you

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: Pinellas County
Tax ID/APN: 15 29 15 38574 001 0010
Zoning: HOTEL MOTEL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Court St & Drew St
Property Visibility: Excellent
Largest Nearby Street: Cleveland / On Cleveland
Feet of Frontage: 100
Airports: Tampa aiport or Clearwater Saint Pete airport.
Area Description: Near Clearwater downtown. Development district...
Nearby Attractions: Clearwater Beaches, Clearwater, Dunedin, State Park
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1951
Construction/Siding: Concrete
Total Parking Spaces: 12
Parking Type: Surface
Air Conditioning: Window Unit
Zoning Description: Hotel Motel
Lot Frontage: 100
Lot Depth: 120
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Corporation
Legal Description: HIBISCUS GARDENS BLK A, LOTS 1 THRU 5 INCL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,095 117,922 265,829
Median Age: 39.03 44.84 46.45
Households: 8,612 52,506 121,994

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