Budget Inn

Hospitality for Sale
Also listed as Multi-Family
Catylist Listing ID: 30136153
Property Subtypes: Hostel, Hotel, Inn, Motel, Vacation Rental(s), Other
Number of Units: 25 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Sale Price: $1,295,000
Unit Price: $51,800 Per Unit
Property Use Type: Investment
Name of Establishment: Budget Inn
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/10/2017

Overview / Comments

Great Location with great visibility. This 25 units Motel is a turn key operation, located 3.8 miles from Clearwater Beach. Free standing Building for Owners quarters, Large Living room, Full-size Kitchen, 2 Bedrooms, Bath, and Reception area. Total 3 Buildings. New Roofs. Swimming pool enclosed and Handicap accessible.
Direct access to Tampa International Airport by W Courtney Campbell Causeway 16.5 miles and 9.6 miles to Clearwater Airport. Same owners since 2004, want to retire. Seller may consider some financing, to qualified buyer. Call for more details.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 142915108540010010
Zoning: HOTEL MOTEL
Retail Clientele: Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Corner of Court Street that becomes Gulf to Bay BlVd
Largest Nearby Street: Gulf to Bay Blvd
Feet of Frontage: 242
Airports: Direct access to Tampa International Airport by W Courtney Campbell Causeway 16.5 miles and 9.6 miles to Clearwater Airport.
Site Description: 3 buildings. 2 with 1 floor, 1 with 2 floors. Corridor exterior. Pool, laundry room. Office with owner apartment. New roof.
Area Description: Busy Road leading to Clearwater down town and Clearwater Beach.
Nearby Attractions: Down town Clearwater and Beaches...
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Average
Year Built: 1957
Water Recreation: Outdoor Pool
Exterior Description: Swimming Pool enclosed and Handicap accessible. Plenty of parking. Corner lot size 29,185 SF. corner lot total frontage 350 Ft
Parking Type: Surface
Lot Frontage: 242
Lot Depth: 121
Legal Description: BREEZE HILL BLK A, LOTS 1,2,3 & 4 LESS PART FOR RD DESC BEG NW COR LOT 4 TH E 217.65FT TH S51DE 32.26FT TH S 2.7FT TH N51DW 32.16FT TH N89DW 217.8FT TH N 2.34FT TO POB

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,308 129,193 272,302
Median Age: 40.02 44.88 46.38
Households: 7,330 58,094 124,922

Contact

Photograph of Listing Agent

Eric Cederman

Cederman Properties FGCAR CIE Member
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