1803 Gulf Blvd | Indian Rocks Beach, FL 33785
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1803 Gulf Blvd
Indian Rocks Beach, FL 33785
Sea Star Motel - Value Add or Redevelopment · Hospitality Property For Sale
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8,101 SF
Investment Highlights
- Sea Star Motel is a nostalgic old town feel boutique Motel on Gulf BLVD steps from IRB and Gulf of Mexico
- Value add opportunity - rebrand, renovate, relaunch, add in a pool in center of court yard, capitalize on below market nightly rates
- Multiples offers are expect as units are priced at $250K/unit while medium/avg Motel/Hotel comps per unit in are show $300k/unit+ Indian Rocks Beach
- 14 Units/ 3 Parcels/ 8,101 sqft/ 4 budlings including storage, laundry, parking, garages, and more
- *Sellers will consider Owner financing to qualified and experienced Hotel/Motel Investor-Operators who have a proven and verifiable track record
- ***Neighboring parcel(s) are available to purchase at a premium with Motel parcels to achieve 12 or more new construction luxury townhomes/units ***
Property Facts
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Fully-Equipped Kitchen
- Multi-Room Suites
Property Taxes
| Parcel Numbers | Improvements Assessment | $430,738 | |
| Land Assessment | $749,262 | Total Assessment | $1,180,000 |
Property Taxes
Parcel Numbers
Land Assessment
$749,262
Improvements Assessment
$430,738
Total Assessment
$1,180,000
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