648 Poinsettia Ave, Clearwater, FL
Hotel for Sale - $7,575,000 - 18,412 Sq. Ft. on 1.1 acres
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Property Info
CIMLS# | 999631 |
Location 648 Poinsettia Ave Clearwater FL 33767 | |
Updated | December 4th, 2018 |
Type | Hotel |
Price | $7,575,000 |
Building | 18,412 Sq. Ft. |
Land | 1.1 acres |
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