This property is Off-Market

7150 N Tamiami Trail
Sarasota, FL 34243 ·

1 Rooms · Hotel & Motel For Sale

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Sarasota Hotel & Marina (25 Units Available )

Price N/A Construction Status Under Construction/Proposed
No. Rooms 1 Commission Split 2.5%
Building Size 360 SF Cap Rate 20%
Property Type Hotel & Motel Average Daily Rate $59
Property Sub-type Full Service RevPAR $59
Property Use Type Investment Lot Size 360 SF
Listing ID: 15667129 Date Created: 04/16/2008 Last Updated: 11/13/2008

Description

These are all CondoHotel Units. There are 25+ of these available anywhere between $5000-$25000.00. These are Great Deals for an investor who has the cash. No funding sources available. These are all short sales, reduced to an average of 1/4 or less of former price.

These are properties on the water!! They are only a couple of miles from the Sarasota airport and there are a couple of low priced airlines going to this airport, so a great deal for someone who is looking to relocate in sunny Florida or just wants to vacation. Meanwhile, when not there, you can have these properties leased out by the Hotel Management company, for some extra cash. There are 9 of these units, all the same, unimproved but fully furnished hotel rooms in the Sarasota Hotel & Marina right on the water. Lovely restaurant and Tikki Bar, heated pool, new exercise room and office area for use of guests. Full service for rooms when being rented out with use of Hotel Management.

Research

7150 N Tamiami Trail, Sarasota, FL 34243 (Manatee County)

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