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11865-11875 Gulf Blvd
Treasure Island, FL 33706
Swashbuckler Motel · Hospitality Property For Sale
·
13,340 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1954/1992 |
| Building Class | C | Parking Ratio | 2.4/1,000 SF |
| Lot Size | 0.58 AC | Corridor | Exterior |
| Building Size | 13,340 SF | ||
| Zoning | RFH-50 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 13,340 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1954/1992 |
| Parking Ratio | 2.4/1,000 SF |
| Corridor | Exterior |
| Zoning | RFH-50 |
AMENITIES
- Pool
ABOUT 11865-11875 GULF BLVD , TREASURE ISLAND, FL 33706
DO NOT DISTURB TENANTS - NO TRESPASSING. Property tours are available by appointment ONLY. Please contact John Heald to schedule at john.heald@am.jll.com or 813-387-1316. Investment Highlights: 29-Unit (??12,470 SF) limited service motel/apartments in Tampa-St Petersburg MSA Owner-operator opportunity or value-add through increased rental rates Traditionally high occupancy rates enables investors the ability to immediately raise rates Five buildings situated on ??0.58 acres with frontage on Gulf Blvd in FL???s West Coast Built between 1948-1954 with several units recently renovated with upgraded appliances/finishes Amenities include on-site motel office, laundry facility and swimming pool Located directly across from a public beach access point Within close proximity to renowned Sloppy Joe???s, Gator???s Caf??, and John???s Pass Dense demographics with 2017 Population of ??135,196 with 5-mile radius Investment Overview: The Swashbuckler Motel is a five building, 29-unit, limited service motel/apt asset located at 11875 Gulf Blvd in Treasure Island, FL within the Tampa-St. Petersburg MSA. Whether you are a hotelier or an investor, The Swashbuckler Motel is a rare o Whether you are a hotelier or an investor, The Swashbuckler Motel is a rare opportunity to acquire motel/apt complex located in a unique location across the street from the beach. This offering includes the total assets of a business sale of the 29-unit/??12,470 SF apartment-motel property, all related FF&E, and intangible business assets for the ongoing hospitality operation. Originally built between 1948-1954, the property contains five buildings; three one-story buildings and two (2) two-story buildings. The five buildings are operated as an independent motel facility with a total of 29 total units totaling ??12,470 SF on a single parcel. The Property is operated as one business enterprise and is comprised of a variety of different layouts including five (5) standard motel units averaging ??292 SF, eleven (11) efficiency units averaging ??340 SF, eleven (11) 1 BR/1 BA units averaging ??516 SF, and two (2) 2 BR/1 BA units averaging ??797 SF. The units offer fully equipped kitchens, hardwood & tile flooring, free cable & wifi, free utilities (Landlord pays utilities, cable & wifi). Recent improvements to the property include exterior paint and several units renovated with upgra
PROPERTY TAXES
| Parcel Number | 23-31-15-91764-002-0080 | Improvements Assessment | $1,133,606 |
| Land Assessment | $1,916,394 | Total Assessment | $3,050,000 |
PROPERTY TAXES
