$1,995,000
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Description
Wow, Treasure Island turn key vacation rental motel. Virtually every inch of this property has been polished with the beauty of it feeling like home. It is owner operated and they have renovated the rooms with fashion, design and style. Outside, the property is immaculate and gorgeous with the beach across the street. There is 10 motel/studio units with the owner's quarters and office. The license states 13 units which the owners quarters could be converted to rentals. With 13 parking spaces on 3 lots (less road) this is a 10,302 square foot property and the zoning requirements for new construction should be verified with the city. New construction could have a Gulf view. The property gross is approximately $305,000 a year and has room for increase with the popularity of Treasure Island beaches. The drive by traffic on Gulf Blvd. is financially key exposure. Insurance is approximately $11,500. Come and be part of the "island living" experience with an income property. (Buyers are responsible to verify information on this property and listing.)
Details
| MLS# | U8010585 |
|---|---|
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1952 |
| Days On Site | 224 |
Features
| SQ Feet | 4,314 |
|---|---|
| Story(s) | 1 |
Market Activity 33706
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Area Information | |
|---|---|
| State | FL |
| County | Pinellas |
| City | TREASURE ISLAND |
| Zip Code | 33706 |
| Area | 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl |
| Listing VS Median (in 33706) | |
Price: $1,995,000 low | high Med: $454,375 SqFt: 4,314 low | high Med: 888 $ / SqFt: $462 low | high Med: $514 On Site: 224 low | high Med: 326.5 | |
MLS Number: U8010585Listing Provided By:
Mel Lenehan of CHARLES RUTENBERG REALTY INC