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- LoopNet Team
1477 S Fort Harrison Ave
Clearwater, FL 33756
Summerside Inn · Hospitality Property For Sale
·
12,859 SF
INVESTMENT HIGHLIGHTS
- Underwent recent million dollar renovations
- Currently has 21 units, City has approved to build another 21 more units
- Sits on 1 acre of land
- Seller will consider financing w/substantial down payment.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1948/2020 |
| Building Class | C | Parking Ratio | 2.33/1,000 SF |
| Lot Size | 0.77 AC | Corridor | Exterior |
| Building Size | 12,859 SF | ||
| Zoning | C - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.77 AC |
| Building Size | 12,859 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1948/2020 |
| Parking Ratio | 2.33/1,000 SF |
| Corridor | Exterior |
| Zoning | C - Commercial |
ABOUT 1477 S FORT HARRISON AVE , CLEARWATER, FL 33756
This property has built-in character and town history, known as the City of Clearwater's first "Motel" that originated 73 years ago. Formerly known as "Gangelhoff's Delux Motel", which was changed in 2008 to "The Summerside Inn Motel". The current owners have completely renovated the property from interior to exterior. Guest rooms have access to high-speed internet and cable in all of the 21 rooms. This quaint motel sits on a huge lot thats close to an acre with an inground pool, a picnic table & grilling area. Purchase includes an 1800 sqft. separate owners suite and two separate 2 bed/1 bath cottages. Property has been approved by the city of Clearwater to build an additional 21 more units! Summerside Motel has been partially open to the public while undergoing million dollar renovations and still managed to gross $100k annual income. Recent financials reported for this year (2020) have come in at $26k in January, $45k in February, $60k is currently on the books for reservations in March. This year's final annual income is expected to be around $400k. Seller will consider financing w/substantial down payment.
PROPERTY TAXES
| Parcel Number | 21-29-15-06948-002-0010 | Improvements Assessment | $1,546,403 |
| Land Assessment | $1,253,597 | Total Assessment | $2,800,000 |
PROPERTY TAXES
