$1,620,000
$1,899,000
14.7%For more information regarding the value of a property, please contact us for a free consultation.
5,564 SqFt
SOLD DATE : 07/14/2020
Key Details
Sold Price $1,620,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 5,564 sqft
Price per Sqft $291
Subdivision St Petersburg Beach 1St Add
MLS Listing ID U8076340
Sold Date 07/14/20
HOA Y/N No
Year Built 1949
Annual Tax Amount $14,658
Lot Size 0.370 Acres
Acres 0.37
Property Description
A RARE AND EXCELLENT INVESTMENT OPPORTUNITY. Gulf Tides Inn is a Top Rated (5 star), Family-owned and operated 11 Unit Inn, located in popular St. Pete Beach 1 block from the beautiful Gulf of Mexico and legendary sunsets. Seven Beautiful apartment-sized 1 bedroom suites and four wonderful efficiencies. Renovated bathrooms in all units. New roofs on all of the buildings. Newer mini/split AC units in all units. Very high occupancy rate and massive opportunity to increase revenue via more aggressive marketing and pricing strategies. Faithful and profitable repeat clientele. Many regulars have been coming to the hotel for over a decade. A pristine facility.
Wonderful amenities, a large heated pool, free wireless Internet, BBQ grill, laundry facilities, free in room safes, hairdryers, complimentary toiletries welcome set, and more.
St. Pete Beach is a busy and growing seasonal rental market. This opportunity won't last long.
Location
State FL
County Pinellas
Community St Petersburg Beach 1St Add
Interior
Heating Heat Pump, Wall Units / Window Unit
Cooling Mini-Split Unit(s)
Flooring Ceramic Tile
Exterior
Community Features Beach Area
View Y/N 1
Building
Story 1
Entry Level One
Foundation Slab
Lot Size Range 1/4 Acre to 21779 Sq. Ft.
Structure Type Block
New Construction false
Others
Ownership Sole Proprietor
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
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Bought with MURPHY REALTY
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