UPDATED:
09/10/2024 11:44 PM
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 2,328 sqft
Price per Sqft $1,202
Subdivision Boca Ciega Pass Sub
MLS Listing ID T3525965
HOA Y/N No
Originating Board Stellar MLS
Year Built 1970
Annual Tax Amount $11,398
Lot Size 4,791 Sqft
Acres 0.11
Property Description
***SELLER FINANCING TERMS NOW AVAILABLE FOR QUALIFIED BUYERS***
Exquisite Gulf Coast Retreat with Stunning Rooftop Views. Welcome to a meticulously renovated gem nestled in the heart of Florida's thriving Gulf Coast community!
This extraordinary property has been transformed to maximize revenue potential and guest satisfaction, offering a seamless turn-key investment opportunity. Projected annual occupancy for this sparkling new residence is expected to near 80% (pro-forma is conservatively estimated @ 70%) with no rental restrictions, optimizing income potential benefits from a rare, grandfathered zoning for overnight accommodations, maximizing income potential and returning guest occupancy. Projections have been carefully & conservatively estimated in partnership with management company, available upon request.
PROFORMA AVAILABLE ON REQUEST.
This property is poised to deliver exceptional returns Day 1 with minimal upkeep expenses, making it an ideal investment opportunity in a highly sought-after location. Step inside to discover bespoke layouts and furnishings, highlighted by a captivating spiral staircase leading to a 400 sq ft. rooftop deck with breathtaking 360-degree views of the surrounding area.
Major nearby development projects & tourist attractions strengthen the potential for both short and long-term appreciation; chiefly the recently approved $6.5 billion Downtown St. Pete project (the largest in Tampa Bay's history) which includes 8 million sq. ft. of mixed-use space and $1.3 billion Tampa Bay Rays stadium as its centerpiece.
No detail has been spared in the revitalization of this property, featuring brand-new HVAC systems, a TPO membrane roof, PVC plumbing, hurricane impact windows, sound-dampening drywall and flooring, upgraded electrical systems, refreshed exterior stucco/paint, and meticulously manicured landscaping with irrigation. Constructed with solid block materials resistant to humidity, water, and salt air, this property ensures low-maintenance durability.
Boasting four exquisite 582 sq. ft., 1-bedroom / 1-bathroom units, each accommodating up to 4 guests comfortably, with interconnected doorways for added flexibility. Conveniently located across from public beach access, enhanced with newly installed city crosswalks for safety and convenience. The sale includes all luxury fixtures, furnishings, and guest amenities showcased in the photos, ensuring a smooth transition for the new owner.
Enjoy easy access to major highways, making vibrant cities like Tampa, Sarasota, and Orlando just a 90-minute drive away. Explore St. Petersburg’s vibrant downtown area, only 15 minutes from your doorstep, offering exceptional shopping, dining, and entertainment options. Indulge in St. Pete Beach's world-renowned soft, silky sand beaches just moments away. Don't miss out—schedule your private tour today!
Location
State FL
County Pinellas
Community Boca Ciega Pass Sub
Zoning RFM-30
Interior
Heating Central
Cooling Central Air, Zoned
Flooring Luxury Vinyl, Tile
Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer
Exterior
Garage Parking Spaces - 6 to 12
Community Features Beach Area, Sidewalks
Utilities Available Public, Water Connected
Waterfront false
View Y/N Yes
Roof Type Membrane
Building
Lot Description Landscaped, Near Public Transit
Story 2
Entry Level Two
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Others
Ownership Partnership
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
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