7990 Manasota Key Road, Englewood, FL, 34223 - Available for Sale

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The Pearl Beach Inn

7990 Manasota Key Road, Englewood, FL 34223

$2,950,000

13 Rooms | Hotel & Motel

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The Resort from the beach in the evening

Hotel / Motel For Sale Get Financing

Price:
$2,950,000
No. Rooms:
13
Building Size:
4,712 SF
Price/Room:
$226,923.08
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
6.30%
Average Daily Rate:
$174
RevPAR:
$89
Average Occupancy:
53%
Corridor:
Exterior
Lot Size:
27,443 SF
Listing ID
18084146
Last Updated
79 days ago

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Description

What a great opportunity to own a Sarasota resort property on the west coast of Florida! The Pearl Beach Inn Nestled at the very edge of the Gulf of Mexico on Manasota Key in Englewood, Florida, this quaint, clean, waterfront Inn is uniquely suited for those who truly wish to own great waterfront income property. This never to be replaced, unique resort offers a rare chance for either an owner operator or investor looking for passive income to put their money to work. Great 1031 opportunity too.



13 Unit Resort with office. This entire .69+ acres for sale includes 95+ft road frontage, 92+ft of beach frontage on the gulf of Mexico. Located on the 7 mile long barrier island of Manasota Key. The one, 2-story renovated building on the beach is concrete block construction in great condition (no deferred maintenance here). electric, cable, A/C in units. 18+ parking spaces.

Manasota Key offers a truly unique location to rest, refresh and rejuvenate. This seven mile stretch of land, connected at the north and south by bridges to the mainland, is home to quaint seaside homes and stunning waterfront mansions. The Pearl Beach Inn is one of only a few resorts providing overnight accommodations, especially on the more tranquil north end of the Key. Pearl Beach Inn offers you the location from which to enjoy the true beauty of the surf, sand, sea birds, sunsets and sweet sounds of the gentle Gulf. Miles of soft sand beach are yours --- stroll the entire length of the Key, search for beach treasures such as fossilized shark's teeth, elegant and delicate shells, or simply bask in the sun or relax in a hammock. The beachside inn consists of thirteen fully equipped waterfront suites. All fully upgraded with new appliances and richly appointed in tropical fashion. Known for it's excellent staff& they are the key to making the guests stay just perfect. They arrange outings such as fishing excursions, a day of golf, or a kayak tour of beautiful Lemon Bay for their guests. The Pearl Beach Inn is a world away and yet easy to get to.

Financial Summary

  • Actual
  • $185,850

Map of 7990 Manasota Key Road, Englewood, FL 34223 (Sarasota County)

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Gregg Fous
Gregg Fous

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License #3200460

Created 3/21/2013
The Pearl Beach Inn
  • Hotel & Motel
  • $2,950,000
  • 13 Rooms
  • 4,712 SF