Source: Loopnet.com
PROPERTY HIGHLIGHTS
- 20 Unit Upscale Boutique Hotel with Restaurant and Development Opportunity
- Newly Built Restaurant – 82 Degrees Bar & Grill
- Ranked #1 of 35 Hotels in St. Pete Beach Per TripAdvisor
- Prime Location in St. Pete Beach Adjacent to Gulf of Mexico
- Possible Seller Financing for Qualified Buyer
- Ranked #2 of 108 Restaurants in St. Pete Beach Per TripAdvisor
- TOURS ARE BY APPOINTMENT ONLY – PLEASE DO NOT VISIT THE PROPERTY WITHOUT A SCHEDULED APPOINTMENT
OFFERING OVERVIEW:
Property Facts:
Price $13,000,000
Building Size 11,554 SF
Price Per Room $684,211
No. Rooms 19
No. Stories 2
Cap Rate 6.30%
Year Built/Renovated 1949/2021
Property Type Hospitality
Parking Ratio 2.09/1,000 SF
Property Subtype Hotel
Building Class C
Opportunity Zone No
Lot Size 0.91 AC
Listing Source: Loopnet.com
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