The Sand Vista Motel

Hospitality for Sale
Catylist Listing ID: 30172043
Property Subtypes: Hostel, Hotel, Inn, Motel, Vacation Rental(s)
Number of Units: 14 Units
Building Size (RSF): 7,142 SF
Gross Building Area: See Agent
Gross Land Area: 126 - 120 SF
Sale Price: $2,200,000
Unit Price: $157,142.86 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Name of Establishment: The Sand Vista Motel
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 10/12/2017

Overview / Comments

Dream location across from Redington Shores Beach. This Waterfront Motel with Pool and Dock is located on Channel with direct access to the Gulf of Mexico. Total 14 Units. Operating 13 Units, of which four are: 1 Bed with Living room, 10 Units have full Kitchens and 2 Units have Kitchenettes
Owner occupies one Apartment on the second Floor, with 2 Bedrooms, 2 Baths, Living room, full Kitchen and a Breathtaking direct Water view.
Income and Expense Statements are available after signing Confidentiality Agreement. The owner may consider some Financing to qualified buyers.
Showing only on Appointment with Broker.
Motel units on first floor. Owner apt on the 2nd floor overlooking the water.
Waterfront, property with direct access to the Gulf of Mexico. Has a large boat dock and is across Redington Shores Beach.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 32-30-15-30438-003-0100
Zoning: HOTELS AND MOTELS
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Feet of Frontage: 126
Site Description: Water front with direct access to the Gulf of Mexico. Across the street from public beach.
Area Description: Tourist area, beach across the street, restaurants and all amenities near.
Number of Stories: 1
Property Condition: Good
Parking Description: Plenty of parking for the motel guest and owner.
Zoning Description: Hotel Motel Zoning
Legal Description: GAY SHORES BLK 3, LOTS 10,11,12 AND SW'LY 7FT OF LOT 9 & PART INTEREST 3FT STRIP TO GULF AS DESC IN DEED 1437/127 (SEE MAP 31-30-15)

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,652 48,982 125,906
Median Age: 53.55 51.7 50.71
Households: 2,706 23,119 58,764

Contact

Photograph of Listing Agent

Eric Cederman

Cederman Properties FGCAR CIE Member
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