8301 BLIND PASS RD, St Pete Beach, FL 33706 - MLS#TB8410735

$1,100,000

Est. payment - /mo

4,450 SqFt

UPDATED:

Key Details

Sold Price $1,100,000

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Sold

Purchase Type For Sale

Square Footage 4,450 sqft

Price per Sqft $247

Subdivision St Petersburg Beach Rep

MLS Listing ID TB8410735

Year Built 1952

Annual Tax Amount $24,250

Lot Size 0.260 Acres

Property Sub-Type Hotel/Motel

New Construction false

Property Description

Investment opportunity in paradise. This boutique motel harkens back to a bygone era of old-Florida, with clean and cozy accommodations with the onsite pool being the heart of the property. There are a total of 12 rooms: 4 Deluxe studios - galley style kitchenette with apt size fridge/freezer & lg toaster oven, king bed, futon. 2 Family Studios - queen bed, twin bed, kitchenette w/ mini fridge. 3 Standard Studios - queen bed, kitchenette w/ mini fridge. 2 Basic Studios - similar to standard studios but smaller sq ft. All studios equipped with cookware, dishes/utensils, hot plate, coffee maker, microwave, toaster. There is also a 2 bedroom unit with a full kitchen. This property is represents a nice investment opportunity in the local hospitality industry. The Gulf Beaches have seen consistently increasing tourism numbers with a shortage of budget-friendly accommodations, making this property extra special. The property was impacted by flooding from hurricane Helene and has been professionally remediated. It is now ready for renovations, with a contractor on stand by to get started. All plans and forms are ready to submit for the necessary permits. Based on owner's findings and a recent ACV appraisal the property can be restored under the FEMA 50% threshold.

Location

State FL

County Pinellas

Community St Petersburg Beach Rep

Area 33706 - Pass A Grille Bch/St Pete Bch/Treasure Isl

Interior

Heating Ductless

Cooling Wall/Window Unit(s)

Exterior

Parking Features Parking Spaces - 13 to 18, Common, Ground Level

Utilities Available Public, Water Connected

Roof Type Shingle

Building

Lot Description Corner Lot, FloodZone, City Limits, Near Public Transit, Sidewalk, Street Lights, Paved

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Acceptable Financing Cash, Conventional, Owner Financing

Listing Terms Cash, Conventional, Owner Financing

Special Listing Condition None

Read Less Info

Listed by Michael Wyckoff ENGEL & VOLKERS MADEIRA BEACH
Bought with Jose Reynoso DALTON WADE INC

Get More Information

Mark Lyda

+1(941) 586-2670

Agent | BK SL3400771

Agent BK SL3400771

8301 BLIND PASS RD St Pete Beach, FL 33706