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Sea Jay Motel 11240 1st St 19 Room Hotel Treasure Island, FL 33706 $4,750,000 ($250,000/Room) 10.94% Cap Rate
INVESTMENT HIGHLIGHTS
- 3 lots, almost half an acre of land across from Treasure Island Beach
- Owner Financing Available
- Can be operated as a Motel or Multifamily/Apartments
- 19 Units with 29 on-site parking spaces - unusual large amount for beach property
- 2 Boat Slips and one Boat Lift - more could be added
EXECUTIVE SUMMARY
The Sea Jay Motel, prominently located at 11240 1st St, Treasure Island, Florida, is a prime investment opportunity that blends the
timeless allure of Art Deco design with the vibrant lifestyle of Florida’s Gulf Coast. Situated just one and a half blocks from a
picturesque beach and a marina with docking facilities, the motel is an ideal haven for guests seeking to immerse themselves in the
coastal charm and myriad activities the area has to offer. With a strong 8% capitalization rate based on pro forma income, this
investment stands out for those seeking substantial returns in the hospitality and real estate sectors within the dynamic Florida
economy.
timeless allure of Art Deco design with the vibrant lifestyle of Florida’s Gulf Coast. Situated just one and a half blocks from a
picturesque beach and a marina with docking facilities, the motel is an ideal haven for guests seeking to immerse themselves in the
coastal charm and myriad activities the area has to offer. With a strong 8% capitalization rate based on pro forma income, this
investment stands out for those seeking substantial returns in the hospitality and real estate sectors within the dynamic Florida
economy.
PROPERTY FACTS
| Price | $4,750,000 | Lot Size | 0.49 AC |
| Price Per Room | $250,000 | Building Size | 9,568 SF |
| Sale Type | Investment | No. Rooms | 19 |
| Cap Rate | 10.94% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1958/2022 |
| Property Subtype | Hotel | Parking Ratio | 3.03/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | RM15 - Treasure Island | ||
| Price | $4,750,000 |
| Price Per Room | $250,000 |
| Sale Type | Investment |
| Cap Rate | 10.94% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 9,568 SF |
| No. Rooms | 19 |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2022 |
| Parking Ratio | 3.03/1,000 SF |
| Corridor | Exterior |
| Zoning | RM15 - Treasure Island |
AMENITIES
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 4 | $189.00 | - |
| Guest Room | 15 | $139.00 | - |
PROPERTY TAXES
| Parcel Number | 23-31-15-43470-006-0010 | Improvements Assessment | $595,691 |
| Land Assessment | $2,679,309 | Total Assessment | $3,275,000 |
PROPERTY TAXES
Parcel Number
23-31-15-43470-006-0010
Land Assessment
$2,679,309
Improvements Assessment
$595,691
Total Assessment
$3,275,000
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Sea Jay Motel | 11240 1st St
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