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The Inn On Third 342 3rd Ave N 22 Room Hotel Saint Petersburg, FL 33701 $4,800,000 ($218,182/Room)
Investment Highlights
- Located in downtown St. Petersburg near major retail, dining, and entertainment destinations.
- Positioned on a 4,161 SF lot with 40 feet of frontage and strong visibility.
- This property presents significant upside potential for investors seeking to reposition or continue operating in the hospitality sector.
- Two-story hotel/motel structure with 20 licensed rental units, and 1 unit for owner or employee.
- Close proximity to major roadways, beaches, and cultural attractions.
- Contact Eric Cederman 727-688-5859 for more info
Executive Summary
This property offers a unique investment opportunity in the heart of downtown St. Petersburg, Florida. Situated on 3rd Avenue North, the asset is currently configured as a hotel/motel with 21 licensed rental units, 20 guest units, and 1 unit for owner or employee. Total building area of approximately 6,891 square feet. The structure spans two stories and features a flat roof, concrete block and stucco exterior, and drywall interiors.
The property sits on a 4,161-square-foot lot with 40 feet of frontage and 100 feet of depth, providing excellent visibility and accessibility. It is located within a vibrant urban core surrounded by retail, dining, and cultural attractions, making it highly desirable for hospitality or redevelopment purposes.
With its central location, proximity to major thoroughfares, and strong tourism demand in St. Petersburg, this property presents significant upside potential for investors seeking to reposition or continue operating in the hospitality sector.
The property sits on a 4,161-square-foot lot with 40 feet of frontage and 100 feet of depth, providing excellent visibility and accessibility. It is located within a vibrant urban core surrounded by retail, dining, and cultural attractions, making it highly desirable for hospitality or redevelopment purposes.
With its central location, proximity to major thoroughfares, and strong tourism demand in St. Petersburg, this property presents significant upside potential for investors seeking to reposition or continue operating in the hospitality sector.
Property Facts
| Price | $4,800,000 | Building Size | 6,866 SF |
| Price Per Room | $218,182 | No. Rooms | 22 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1937 |
| Property Subtype | Hotel | Parking Ratio | 1.89/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 0.09 AC | ||
| Zoning | RS-150,St Petersburg | ||
| Price | $4,800,000 |
| Price Per Room | $218,182 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 6,866 SF |
| No. Rooms | 22 |
| No. Stories | 2 |
| Year Built | 1937 |
| Parking Ratio | 1.89/1,000 SF |
| Corridor | Interior |
| Zoning | RS-150,St Petersburg |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 22 | $136.00 | - |
Walk Score®
Walker's Paradise (97)
Bike Score®
Biker's Paradise (98)
Property Taxes
| Parcel Number | 19-31-17-74466-017-0060 | Improvements Assessment | $588,691 |
| Land Assessment | $636,309 | Total Assessment | $1,225,000 |
Property Taxes
Parcel Number
19-31-17-74466-017-0060
Land Assessment
$636,309
Improvements Assessment
$588,691
Total Assessment
$1,225,000
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The Inn On Third | 342 3rd Ave N
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