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7901 Blind Pass Rd

St Pete Beach, FL 33706

$3,599,000

Motel For Sale  •  20,000 Sq Ft

Property Details

  • Property Type Motel
  • Total Building Size 20,000 Sq Ft
  • Lot Size 0.92 ac
  • Building Class C
  • Year Built 1957
  • Cap Rate 9.00 %
  • Zoning CG-2, St Pete Beach
43 Transit Score
67 Walk Score

Description

Blind Pass Resort is a 25 room boutique hotel/Motel property with a 2/2 live in quarters located a short walk  from the water of St Pete Beach, recently rated the 2nd best beach in the US by TripAdvisor! In addition, our property was featured on the Today Show as the best "Bargain Stay Hotel in St Pete Beach" this can also be sold as condo s. amazing potential. The City of St. Pete Beach is a barrier island community located just off the Pinellas County mainland of Saint Petersburg, just south of Treasure Island, and 20 miles from Clearwater Beach. With miles of pristine, white sandy beaches, year-round sunshine, an abundance of recreational opportunities, restaurants, and shopping, St. Pete Beach is one of the most enjoyable places to live and vacation, in the world. Sellers wants to lease back at favorable terms for new purchaser will make a win/win. Please do not walk property with out broker advising.

Highlights

Visible from Blind Pass Rd
Lots of natural light
charming mediterranean 25 room motel
resort style pool with waterfall

Financial Summary (Actual)

Net Operating Income: $350,000 (2017)
Cap Rate: 9.00 %
Total Expenses: $200,000

Major Tenants

Tenant SF Occupied Lease End Date
MALIBU RESORT LLC

Amenities

  • 24 Hour Access

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 14
Type: Surface
Included in Rent: Yes
Matt Joseph 786-999-9739 West Avenue Realty
Matt Joseph 786-999-9739 West Avenue Realty