6 Unit Motel in Madeira Beach, Florida - Fully Renovated! $1,500,000
U7799538
Fully licensed and operational luxurious 6 unit vacation rental in beautiful Madeira Beach. This property was expertly renovated in 2016 with an artistic eye and attention to detail. Every single building component was replaced or renovated. The roofs, HVAC systems, plumbing fixtures...100% of the exterior and 100% of the interior! Every aspect was painstakingly constructed to create this oasis - 50 steps away from one of the most beautiful beaches in the Country and a short stroll to John's Pass Village with its shops, restaurants and night life.
Move in ready - perfect for an investor; or an owner-operator to live in the large unit and manage the vacation rentals; or consider this a solid candidate for conversion to condo-tel ownership! Just a few features: Granite counter tops and showers. All units (including the showers!) have sound systems with Bluetooth connections. Solar roof panels provide heat for the brand new swimming pool in the common area. Common area includes tiki hut, cooking equipment and paver decking throughout. Every unit is completely furnished with every item needed for a luxury vacation rental operation - and every item is brand new in 2016. Firewalls separate each unit for safety and sound insulation. The property is absolutely perfect for family reunions or business retreats! Far too many property features to describe, must see to appreciate!
Primary Features
County: Pinellas
Year Built: 1932
Additional
Additional Parcel: no
Availability: For Sale
Block Parcel: 7
Cumulative Days on Market: 132
Days on Market: 132
Flood Zone Code: VE
Legal Description: MITCHELL'S BEACH REVISED BLK 7, LOTS 12 AND 13 LESS RD R/W
Lot Number: 12
Millage Rate: 17.7660
New Construction: no
Parcel Number: 15-31-15-58320-007-0120
Property Status: Existing
Property Style Commercial: Motel/Hotel
Range: 15
Section: 15
Special Sale Provision: None
SqFt Gross: 3120
Total Number Buildings: 2
Utilities: BB/HS Internet Capable, City Water, Electric, Public Sewer, Public Utilities, Public Water, Solar
Financial Details
Auction: no
Listing Price Per SqFt: 480.77
Net Leasable SqFt: 3120
Original List Price: 1500000.00
Tax Year: 2016
Taxes: 6041
Interior Features
Air Conditioning: Central
Number of Hotel Motel Rooms: 6
Location Information
Country: United States
Location: Beach Area
LSC List Side: Pinellas Suncoast
MLS Area Major: St Pete/Madeira Beach/N Redington Beach/Shores
Street Suffix: BOULEVARD
Township: 31
External Features
Lot Size SqFt: 7200
Road Frontage: Main Thoroughfare
Total Acreage: Up to 10,889 Sq. Ft.
Water Access: no
Water Extras: no
Water Frontage: no
Water View: no
