$3,750,000
$4,050,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
8,840 SqFt
SOLD DATE : 03/16/2022
Key Details
Sold Price $3,750,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 8,840 sqft
Price per Sqft $424
Subdivision Sunrise Motel
MLS Listing ID U8137866
Sold Date 03/16/22
Construction Status No Contingency
HOA Y/N No
Year Built 1974
Annual Tax Amount $14,815
Lot Size 0.390 Acres
Acres 0.39
Lot Dimensions 120x142
Property Description
Location, location, location!!!! An incredibly rare opportunity like this almost never comes along. The motel is a two story, 22 room property located in the beautiful Treasure Island just steps away from the beach. The property offers 3 motel rooms, 10 efficiency units with kitchenettes, and 9 suite apartments. The motel benefits from its desirable location to tourist destinations and is just across the street from white sands of Treasure Island Beach. Beautiful Swimming Pool, Spacious, Clean Rooms Equipped with kitchens and kitchenettes, tiled flooring, attracts more and more guests. The property remains in good condition due to an ongoing capital improvement plan. RENOVATIONS COMPLETED INCLUDE: Roof 2018, updated swimming pool, Swimming pool pumps and heater 2020, Parking 2019, updated kitchens (granite counters, ceramic cooktops), Impact windows 2017 and much more. Guests will love walking to restaurants, live music, bars, shopping centers and the beach. The reception area offers a business center for quests. The Motel has excellent reviews with trip advisor, facebook, and yelp. Big opportunity for investors.
Location
State FL
County Pinellas
Community Sunrise Motel
Interior
Heating Electric
Cooling Zoned
Exterior
Utilities Available Water Connected
Waterfront false
Roof Type Built-Up
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status No Contingency
Others
Ownership Sole Proprietor
Special Listing Condition None
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Bought with KELLER WILLIAMS GULF BEACHES
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