The Meranova Guest Inn, Business and Property

Hospitality for Sale
Catylist Listing ID: 30183560
Property Subtypes: Bed & Breakfast
Number of Units: 9 Units
Building Size (RSF): 5,006 SF
Gross Building Area: See Agent
Gross Land Area: 0.33 Acres
Sale Price: $1,495,000
Unit Price: $166,111.11 Per Unit
Ceiling: 9 ft.
Property Use Type: Business
Building Name: The Meranova Guest Inn
Name of Establishment: The Meranova Guest Inn
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/23/2018

Overview / Comments

Faulkner & Associates is pleased to present for sale, The Meranova Guest Inn, a beautiful property and established business in the heart of Dunedin, FL. This offering is unique, as it can be a lifestyle business, or be run by independent management. There's a bonus: The detached cottage is permitted to be converted to a restaurant, servicing both Meranova guests and the public. In fact, this property can be transformed to suit the vision of the new owner, such as an event venue, condominiums, or transform the entire property to a restaurant or luxury spa.

This tastefully renovated 3 building, 5.000+sf property offers 8 distinctively different guest suites, all boasting private outside entrances and apartment amenities, including a charming ADA accessible cottage. The commercial kitchen offers dine-in options and opens to the patio and heated pool area. The gardens and grounds are exquisitely maintained, and offer several outdoor options to sit and relax- all within steps to all that downtown Dunedin has to offer! Just a short walk or bike ride to restaurants, bars, shops, parks, the marina, Pinellas Trail and just minutes to Dunedin's famous Caladesi and Honeymoon Island State Park and beaches! Ample parking for 9 vehicles.

The Meranova Guest Inn has a very high percentage of repeat business, and has become well known for private events and beautiful weddings. This will take the form of an asset sale, with all business assets and real estate included: furniture, fixtures, equipment, processes, permits, transferable licenses as well as the real estate.

Confidential information, such as financials, will be provided after execution and acceptance of a Non Disclosure Agreement.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Submarket Type: Central Business District
Tax ID/APN: 5200.01.001.001.00
Zoning: DOWNTOWN CORE COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Virginia Lane & Main Street
Property Visibility: Excellent
Largest Nearby Street: Main Street
Feet of Frontage: 102
Area Description: Situated in the heart of downtown Dunedin, a charming destination city for tourists and locals alike.
Nearby Attractions: Caladesi Island State Park, Honeymoon Island State Park, The Dunedin Causeway, Dunedin
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Excellent
Year Built: 1910
Year Renovated: 2017
Roof Type: Gable
Construction/Siding: Wood Frame, Wood Siding
Water Recreation: Outdoor Pool
Exterior Description: Exquisitely maintained gardens and outdoor space. A patio surrounds the heated, lighted pool.
Total Parking Spaces: 9
Parking Type: Surface
Laundry: Shared
Air Conditioning: Window Unit
Internet Access: Cable
Zoning Description: Downtown Core Commercial
Lot Frontage: 102
Lot Depth: 140
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Slinner's Sub LB

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,612 88,079 208,537
Median Age: 52.27 48.34 47.13
Households: 5,588 40,872 96,000
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