1466 Gulf To Bay Boulevard

Clearwater, FL

Others for Sale - $1,799,000


Agent Info

Elias Kirallah
CENTURY 21 J W Morton Real Estate, Inc.

Property Info

CIMLS#1149601
Location
  1466 Gulf To Bay Boulevard
  Clearwater FL 33755
UpdatedFebruary 10th, 2024
TypeOthers
Price$1,799,000

Property Description

Introducing a remarkable, partially -renovated short-term rental opportunity in Clearwater's Central Business District. What was once a motel has been transformed into an 11-unit (4/11 unfinished and unfurnished and is being sold as is), 4,707-square-foot Airbnb/VRBO income generator. This property is strategically positioned on a .55-acre lot that stretches from street to street in Downtown Clearwater. It's directly on the coveted Gulf To Bay corridor, which boasts higher Average Daily Rates (ADR) and occupancy rates, thanks to the 15.4 million ecotourists who visit Pinellas County Beaches annually. This prime location is a stone's throw away from the downtown waterfront and offers easy access to The District on Cleveland Avenue, a bustling hub of shops, restaurants, and cultural activities. The property's strategic location places it just 4 miles from Clearwater Beach, 7.8 miles from Belleair Beach, 9.2 miles from Indian Rocks Beach, and 12 miles from Ben T Davis Beach. Additionally, it's a mere 8.7 miles from Clearwater/St. Pete International Airport and 16 miles from Tampa International Airport, ensuring convenient access for travelers. Every structure on this property has been meticulously renovated (4 units need renovations that will not be delivered furnished or completed, this property is being sold as is) and will include 7 furnished at the time of sale and to be sold As-Is. The surrounding area offers enticing municipal incentives, including grants from The Downtown Development Board. These incentives are crafted to promote vibrant live, work, and play environments while also supporting building renovations and improvements.


Financials


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