12 Unit Motel 1 block from Intracoastal Waterway - St.Pete Beach - Florida $1,250,000
U7590821
THIS IS THE NEWLY RENOVATED BELLA SIRENA INN AND FUNCTIONING WITH AN ACTIVE MOTEL LICENSE. THE CHANGES MADE TO THIS PROPERTY HAVE CHANGED THE ENTIRE STREET AND FEEL OF NEIGHBORHOOD. COME SEE FOR YOURSELF. TWELVE UNIT VACATION RENTAL MOTEL CONSISTS OF 9 ONE BED ROOMS AND 3 EFFICIENCIES. ONE OF THE EFFICIENCIES IS OCCUPIED BY THE ON SITE MANAGER. ALL UNITS HAVE BEEN REMODELED. NICE SPARKLING CLEAN POOL WITH NEW POOL PUMP AND PLUMBING. NEW ROOF, EXTERIOR/INTERIOR PAINT, EXTERIOR/CLOSET DOORS, SIGN, FURNITURE, DECOR AND LANDSCAPING. OWNER HAS APPROVAL AND PLANS FOR THE CONVERSION OF ONE OF THE ROOMS INTO A CAFE AND/OR ICE CREAM SHOPPE, BEER/WINE. SELLER PRESENTLY WORKING ON PERMITS. PROPERTY SITS ON TWO PARCELS WITH THREE BUILDINGS TOTAL OF APPROXIMATELY 5700 SF. LAND FOR THE TWO PARCELS IS APPROX 16,200 SF. MOTEL IS JUST 300 FEET FROM THE INTRACOASTAL WATER WAY, FISHERMAN'S PARK AND 5 RESTAURANTS. PRICE IS FIRM. DO NOT COME ON PROPERTY WITHOUT REALTOR. SELLING AGENT HAS INTEREST IN MOTEL.
Primary Features
County: Pinellas
Year Built: 1949
Additional
Additional Parcel: no
Availability: For Sale
Block Parcel: 058
Cumulative Days on Market: 1493
Days on Market: 1319
Flood Zone Code: AE
Future Land Use: 39
Legal Description: ST PETERSBURG BEACH REPLAT BLK 58, LOTS 10 AND 11
Lot Number: 0100
Millage Rate: 17.9660
New Construction: no
Number of Additional Parcels: 3
Parcel Number: 36-31-15-77994-058-0100
Property Status: Existing
Property Style Commercial: Apartments, Motel/Hotel
Property Use: MULTIFAMILY
Range: 15
Section: 36
Special Sale Provision: None
SqFt Gross: 5700
Total Number Buildings: 3
Units: 12
Utilities: City Water, Electric, Gas-LP
Financial Details
Annual Expenses: 39000
Auction: no
Financing Terms: priv lendr may carry with substantial down
Listing Price Per SqFt: 219.30
Net Leasable SqFt: 5700
Net Operating Income: 140000
Original List Price: 1200000.00
Tax Year: 2016
Taxes: 5985
Interior Features
Air Conditioning: Wall Units/Window
Number of Hotel Motel Rooms: 12
Number of Restrooms: 12
Location Information
Country: United States
Driving Directions: GULF BLVD TO COREY AVE TO WEST AND TO 635 COREYPROPERTY ON RIGHT NEXT TO WILLYS AND ACROSS THE STREET FROM OYSTER CATCHERS AND WOODYS WATERFRONT.
Legal Subdivision Name: ST PETERSBURG BEACH REPLAT
LSC List Side: Pinellas Suncoast
MLS Area Major: St Pete/Pass a Grille Beach/St Pete Beach/Treasure Island
Street Suffix: AVENUE
Subdivision Number: 77994
SW Subdivision Community Name: Not Applicable
Township: 31
External Features
Lot Dimensions: 150.0X108.0
Lot Size SqFt: 16200
Road Frontage: County Road
Total Acreage: 1/2 Acre to 1 Acre
Water Access: no
Water Extras: no
Water Frontage: no
Water View: no
