21252 US Highway 19 N | Clearwater, FL 33765
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21252 US Highway 19 N
Clearwater, FL 33765
Magnuson Hotel - Clearwater, Florida · Hospitality Property For Sale
·
53,428 SF
INVESTMENT HIGHLIGHTS
- 118-Room Limited-Service Hotel | Magnuson Hotel Clearwater Central
- Redevelopment Opportunity - Maximum Building Height Up to 150ft - 2.5 Floor-Area-Ratio - Ability to Increase Unit Density On-Site
- YE 2019 Room Revenue of $1,942,153 | Offered at Approximately a 3.24x Room Revenue Multiplier
- $500,000+/- in Renovations
- YE 2019 Approximate Net Operating Income of $536,596 | 8.52% Cap Rate
- $53,389 Per Key | SBA Financing Available
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1972/2014 |
| Building Class | C | Parking Ratio | 2.4/1,000 SF |
| Lot Size | 3.24 AC | Corridor | Exterior |
| Building Size | 53,428 SF | ||
| Zoning | US 19 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.24 AC |
| Building Size | 53,428 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2014 |
| Parking Ratio | 2.4/1,000 SF |
| Corridor | Exterior |
| Zoning | US 19 |
AMENITIES
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Tennis
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
PROPERTY TAXES
| Parcel Number | 18-29-16-00000-110-0800 | Improvements Assessment | $5,478,910 |
| Land Assessment | $1,396,090 | Total Assessment | $6,875,000 |
PROPERTY TAXES
Parcel Number
18-29-16-00000-110-0800
Land Assessment
$1,396,090
Improvements Assessment
$5,478,910
Total Assessment
$6,875,000
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