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Crystal Inn 4600 34th St S 65 Room Hotel Saint Petersburg, FL 33711 $7,000,000 ($107,692/Room)
INVESTMENT HIGHLIGHTS
- Epicenter of new development district
- Monument Signage
- Highly Accessible
- Off Hwy 19
EXECUTIVE SUMMARY
Independent Economy Hotel. This has been run as a cash B&B. Owner has no financials. Exceptional Location, Prime Investment Opportunity, Highly visible, Easy Access, Pool, Gated lot, minutes from downtown Saint Petersburg and beaches. 65 keys of which 12 have kitchenettes. The 34th Street South corridor in St. Petersburg, Florida, particularly within the Skyway Marina District, is experiencing a significant transformation with numerous developments underway. 3,249 residential units have been constructed or are under construction. Additionally, a senior living community with 218 units, rooftop pool and auditorium is currently going through the entitlement process. Property is on 1.34ac with 23,712SF of improvements. 2 story exterior corridor. 65 surface parking stalls. Zoned General Commercial. Prime location for redevelopment, Owner/Operator, Conversion, affordable housing. NO FINANCIALS AVAILABLE.
PROPERTY FACTS
AMENITIES
- Outdoor Pool
- Smoke Detector
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 65 | $35.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 02-32-16-00000-320-0300 | Improvements Assessment | $1,004,955 |
| Land Assessment | $770,045 | Total Assessment | $1,775,000 |
PROPERTY TAXES
Parcel Number
02-32-16-00000-320-0300
Land Assessment
$770,045
Improvements Assessment
$1,004,955
Total Assessment
$1,775,000
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Crystal Inn | 4600 34th St S
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