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109 14th Ave
St Pete Beach, FL 33706
The Cottages + Land · Hospitality Property For Sale · 6 Rooms

Executive Summary

Pass-A-Grille Investment & Development Opportunity | Legal Nightly Rental Triplex + Adjacent Buildable Parcel
A truly rare coastal investment opportunity in the heart of Pass-A-Grille, this offering presents the opportunity to acquire a legal nightly rental triplex at 109 14th Avenue along with the adjacent buildable parcel at 107 14th Avenue, creating a unique assemblage with immediate cash flow, future development potential, and significant long-term value appreciation.
Legal nightly rental properties in Pass-A-Grille represent one of the most limited and highly sought-after asset classes along Florida’s Gulf Coast. The existing triplex generates income from three accommodations while benefiting from the area's strong tourism demand, walkability, and enduring appeal as one of Tampa Bay’s premier beach destinations.
For investors, developers, and hospitality operators, the adjacent parcel creates exceptional flexibility for future expansion, redevelopment, additional guest amenities, outdoor gathering spaces, or the creation of a larger boutique hospitality concept, subject to all applicable approvals. The assemblage provides the rare opportunity to control multiple contiguous parcels in a market where redevelopment opportunities are increasingly scarce and barriers to entry continue to rise.
Positioned just steps from the Gulf of Mexico, historic 8th Avenue, waterfront restaurants, boutique retail, marinas, and Pass-A-Grille's renowned sunset attractions, this offering combines in-place income, future upside, and irreplaceable location fundamentals. Opportunities to acquire legal nightly rental inventory with adjacent development potential in Pass-A-Grille are exceptionally limited, making this a compelling acquisition for investors seeking both current yield and long-term strategic value.
Investment Highlights
Legal nightly rental triplex with established income potential
Adjacent buildable parcel available for assemblage
Rare opportunity to control contiguous properties in Pass-A-Grille
Strong tourism-driven rental demand
Potential for expansion, redevelopment, or enhanced hospitality use (subject to approvals)
Walking distance to beaches, restaurants, marinas, and retail
One of the most supply-constrained coastal investment markets in Florida
Immediate cash flow combined with long-term appreciation and development upside

Property Facts

Price Per Room $550,000
Sale Type Investment
Cap Rate 3%
Sale Conditions
1031 Exchange
  • Build to Suit
  • Bulk/Portfolio Sale
  • Redevelopment Project
Property Type Hospitality
Property Subtype
Bed and Breakfast
  • Hospitality Hotel
Lot Size 0.23 AC
Building Size 2,041 SF
No. Rooms 6
No. Stories 2
Year Built/Renovated 1948/2025
Zoning RLM-2/PAG - Zoned RLM-2 Residential Low-Medium with the Pass-A-Grille Overlay District

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 3 - -
Guest Room 3 - -

Property Taxes

Property Taxes

Parcel Number
18-32-16-95454-005-0900
Land Assessment
$708,357
Improvements Assessment
$216,643
Total Assessment
$925,000
  • Listing ID: 40985607

  • Date on Market: 6/19/2026

  • Last Updated:

  • Address: 109 14th Ave, St Pete Beach, FL 33706

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