42-Unit High Grossing Hotel w/ Opportunities

42-Unit High Grossing Hotel w/ Opportunities

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Listing was updated on: 07/17/2022

648 Poinsettia Ave, Clearwater, FL 33767, USA

Prime investment opportunity to own a high grossing, highly rated 42-unit hotel on the world famous Clearwater Beach with 475' of frontage.

This high occupancy hotel sits on over an acre of land (1.1 acres).

Previously approved for an additional 16 room development utilizing the existing parking spaces.

Recent renovations include construction of additional storage areas, new commercial washer and dryers, new exterior and interior painting, $50,000 plumbing upgrades, electrical upgrades, renovated rooms, Exterior mural and more.

Unit mix:
8 Hotel Rooms
9 Studio Efficiencies
11 One Bedrooms
12 Two Bedrooms
2 Units currently utilized as office space

Beautiful large pool with newly pavered deck.

Pre-approved for Time Share opportunity.

Please complete CA and contact us to receive additional information on this property.

Interested parties must refrain from contacting any Tenant or onsite employees. All tours will be conducted by appointment only with a VRI representative present.

• Parking Onsite Parking
• Offices Registration and additional office space
• Space 1 1.1 Acres - Class A Location
• Space 2 475' Frontage
• Space 3 Unit Mix: Hotel Rooms, Studio, One Bdrms, Two Bdrms
• Space 4 Previous Approval for 16 additional units
• Space 5 Timeshare Opportunity
• Space 6 Development Opportunity
• Space 7 Area of new development
• Space 8 Many recent updates and renovations