648 Poinsettia Ave, Clearwater, FL

Hotel for Sale - $7,575,000 - 18,412 Sq. Ft. on 1.1 acres


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Agent Info

NameMichelle Pannoni

Property Info

CIMLS #999631
Location648 Poinsettia Ave
Clearwater FL 33767
Last UpdatedApril 16th, 2018
TypeHotel
Price$7,575,000
Building18,412 Sq. Ft.
Land1.1 acres
DemographicsView data

Contact


Property Description

Prime investment opportunity to own a high grossing, highly rated 42-unit hotel on the world famous Clearwater Beach with 475' of frontage.

This high occupancy hotel sits on over an acre of land (1.1 acres).

Previously approved for an additional 16 room development utilizing the existing parking spaces.

Recent renovations include construction of additional storage areas, new commercial washer and dryers, new exterior and interior painting, $50,000 plumbing upgrades, electrical upgrades, renovated rooms, Exterior mural and more.

Unit mix:

8 Hotel Rooms

9 Studio Efficiencies

11 One Bedrooms

12 Two Bedrooms

2 Units currently utilized as office space

Beautiful large newly pavered pool with tropical landscaping

Pre-approved for Time Share opportunity.

42 Beautiful Rooms

Possible to add 16 additional units

Incredible Development Option with over 1.1 acres of land in A class location

475' of Frontage

A short walk to the white sandy beaches of Clearwater, Florida

High Occupancy, High Revenue Hotel

Many recent renovations

High ratings from online reviews

Clearwater Beach again rated #1 Beach In America. (Tripadvisor 2018)

Please complete CA and contact us to receive additional information on this property.

Interested parties must refrain from contacting any Tenant or onsite employees. All tours will be conducted by appointment only with a VRI representative present.


Financials

Available Upon Request


Location & Street View