This Hotel & Motel Property is Off-Market.

7990 Manasota Key Road
Englewood, FL 34223 ·

13 Rooms · Hotel & Motel For Sale

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The Pearl Beach Inn

Price N/A Commission Split 2.5%
No. Rooms 13 Cap Rate 6.30%
Building Size 4,712 SF Average Daily Rate $174
Property Type Hotel & Motel RevPAR $89
Property Sub-type Full Service Corridor Exterior
Property Use Type Investment Lot Size 27,443 SF
Listing ID: 18084146 Date Created: 03/21/2013 Last Updated: 01/30/2014

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.

Research

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

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