42-Unit High Grossing Hotel w/ Opportunities
Listing was updated at: 06/03/2019
Property Overview
Price/Rent PSF $ 7,575,000.00
Asset Type Hospitality
Trade Type Sale
SQ. FT. Available 18,412
Date Available 03/03/2018
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
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Description

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.

Location