12035 Gulf Boulevard #11
TREASURE ISLAND, FL 33706

$1,995,000

Description

Wow, Treasure Island turn key vacation rental motel. Virtually every inch of this property has been polished with the beauty of it feeling like home. It is owner operated and they have renovated the rooms with fashion, design and style. Outside, the property is immaculate and gorgeous with the beach across the street. There is 10 motel/studio units with the owner's quarters and office. The license states 13 units which the owners quarters could be converted to rentals. With 13 parking spaces on 3 lots (less road) this is a 10,302 square foot property and the zoning requirements for new construction should be verified with the city. New construction could have a Gulf view. The property gross is approximately $305,000 a year and has room for increase with the popularity of Treasure Island beaches. The drive by traffic on Gulf Blvd. is financially key exposure. Come and be part of the "island living" experience with an income property. (Buyers are responsible to verify information on this property and listing.)

Details

MLS#U8010585
StyleIndustrial
Sub-TypeResale
StatusActive
Year1952
Days On Site3

Features

SQ Feet4,314
Story(s)1

Market Activity 33706

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Area Information

StateFL
CountyPinellas
CityTREASURE ISLAND
Zip Code33706
Area33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Listing VS Median (in 33706)
Price:
$1,995,000
low | high
Med:
$424,000
100% of Average
SqFt:
4,314
low | high
Med:
576
100% of Average
$ / SqFt:
$462
low | high
Med:
$736
9.177109440267% of Average
On Site:
3
low | high
Med:
32
9.375% of Average
Listing Updated: 07/14/2018
MLS Number: U8010585
Listing Provided By:
Mel Lenehan  of  CHARLES RUTENBERG REALTY INC

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