$2,395,000
Description
Silver Sands is an 8 unit licensed hotel comprising three buildings and a large courtyard at an amazing 10 CAP RATE. Located just steps to the beach, this boutique hotel offers one bedroom suites to fit all types of vacationers. These spacious units all feature a combined living and dining area, generous kitchenette and separate bedroom and bathroom. The bottom floor units offer a charming front patio that opens to a large landscaped courtyard, putting guests in a vacation state of mind. An additional outdoor area for relaxing in the Gulf breeze ensures parties of all size can find a tropical sanctuary. This boutique hotel is renovated with new roofs, HVAC and water heaters presenting the buyer with a low maintenance, tropical oasis. New floors and cabinets are just another highlight. Reserved on site parking is popular with guests. Prime Gulf Blvd location with direct access to a crosswalk makes staying here a breeze. The property is a two minute walk to Pinellas County's #1 tourist destination John's Pass Village & Boardwalk featuring shopping, restaurants, jet ski rentals, sunset cruises, fishing charters and live music. Treasure Island beach is located steps away and beacons guests to relax and stay a while. This property is currently in the process of being renovated after receiving water intrusion from Hurricane Helene. Permits are already in place, giving the new owner the opportunity to be one of the first hotels reopening on the beaches and to take advantage of the busy winter and spring seasons. Additional 10 unit hotel for sale next-door, schedule your tour today.
Listed by Evan Pedone, .
Property Highlights
- Property Type: Multi Family
- MLS #: TB8322337
Room Information
| Laundry | Laundry Room |
| Total Baths | 8 |
| Total Beds | 8 |
Property Features
| Construction Materials | Concrete, Stucco |
| Cooling | Central Air |
| Exterior Features | Courtyard, Storage |
| Heating | Central, Electric |
| Interior Features | Eat-in Kitchen, Stone Counters |
| Interior Square Footage | 4,160 |
| Lot Size Acres | 0.24 |
| Lot Size Dimension | 110x88 |
| Lot Size Square Feet | 10,450 |
| Roof | Metal |
| Sewer | Public Sewer |
| Water Source | Public |
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