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TOUCHSTONE REAL ESTATE

info@touchstonerealestate.com +1(352) 223-0053

Listed by ENGEL & VOLKERS MADEIRA BEACH

$ 1,350,000

Est. payment -/mo

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Pending

8301 BLIND PASS RD St Pete Beach, FL 33706

4,450 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Pending

Purchase Type For Sale

Square Footage 4,450 sqft

Price per Sqft $303

Subdivision St Petersburg Beach Rep

MLS Listing ID TB8410735

Construction Status Completed

HOA Y/N No

Year Built 1952

Annual Tax Amount $24,250

Lot Size 0.260 Acres

Acres 0.26

Lot Dimensions 100x115

Property Sub-Type Hotel/Motel

Source Stellar MLS

New Construction false

Property Description

Under contract-accepting backup offers. Investment opportunity in paradise. This boutique motel harkens back to a bygone era of old-Florida, with clean and cozy accommodations with the onsite pool being the heart of the property. There are a total of 12 rooms: 4 Deluxe studios - galley style kitchenette with apt size fridge/freezer & lg toaster oven, king bed, futon. 2 Family Studios - queen bed, twin bed, kitchenette w/ mini fridge. 3 Standard Studios - queen bed, kitchenette w/ mini fridge. 2 Basic Studios - similar to standard studios but smaller sq ft. All studios equipped with cookware, dishes/utensils, hot plate, coffee maker, microwave, toaster. There is also a 2 bedroom unit with a full kitchen. This property is represents a nice investment opportunity in the local hospitality industry. The Gulf Beaches have seen consistently increasing tourism numbers with a shortage of budget-friendly accommodations, making this property extra special. The property was impacted by flooding from hurricane Helene and has been professionally remediated. It is now ready for renovations, with a contractor on stand by to get started. All plans and forms are ready to submit for the necessary permits. Based on owner's findings and a recent ACV appraisal the property can be restored under the FEMA 50% threshold.

Location

State FL

County Pinellas

Community St Petersburg Beach Rep

Area 33706 - Pass A Grille Bch/St Pete Bch/Treasure Isl

Interior

Heating Ductless

Cooling Wall/Window Unit(s)

Exterior

Parking Features Parking Spaces - 13 to 18, Common, Ground Level

Utilities Available Public, Water Connected

Roof Type Shingle

Building

Lot Description Corner Lot, FloodZone, City Limits, Near Public Transit, Sidewalk, Street Lights, Paved

Story 1

Entry Level One

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Construction Status Completed

Others

Ownership Corporation

Acceptable Financing Cash, Conventional, Owner Financing

Listing Terms Cash, Conventional, Owner Financing

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8410735

TOUCHSTONE REAL ESTATE

COMPANY OWNER PAGE | BKCQ1051231

+1(352) 223-0053

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TOUCHSTONE REAL ESTATE

8301 BLIND PASS RD St Pete Beach, FL 33706

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8301 BLIND PASS RD