Commercial Sale Property - Hotel/Motel in Clearwater
Listing Price: $5,000,000
Description of Property
FOR SALE: Renovated 32-Room Motel on Prime Florida Beachfront Near ClearwaterAsking Price: $5,000,000 (Negotiable)Loan: Assumable at $2.5 MillionAppraised Value: $5,000,000Annual Revenue: $1,000,000+Occupancy: Consistently Full Due to 7-Star Guest RatingProperty Overview:An exceptional investment opportunity on one of Florida's most luxurious and sought-after beachfronts, just minutes from world-renowned Clearwater Beach. This fully renovated 32-room Floridian Inn Motel is situated in a high-traffic, highly visible location, ideal for tourists, business travelers, and beachgoers alike.Highlights:32 Newly Renovated Guest Rooms – Modern design, upscale finishesConsistently Fully Booked – Thanks to an impressive 7-star guest ratingAnnual Revenue of $1 Million+ – Strong and stable incomeFull-Service Dining Area – On-site restaurant or café includedResort-Style Amenities – Includes a beautifully maintained swimming poolLarge Parking Lot – Over 40 vehicle capacityTurnkey Investment – No renovation needed; ready to operate immediatelyAssumable Loan – $2.5 million financing availableThis rare opportunity combines location, luxury, and income stability, making it a perfect asset for seasoned hospitality investors or entrepreneurs entering the Florida resort market. The current asking price is very reasonable and open to negotiation, reflecting true market value as confirmed by a professional appraisal.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Hotel/Motel
City: Clearwater
County: Pinellas
Subdivision: Lakewood Rep
Sq. Ft. Gross: 8,506
Sq. Ft. Living Area: 6,758
Cost per (heated) sqare foot: $740
Year built: 1981
Annual Tax: $51,187
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Waterfront Info
Exterior & Construction
Construction: Stucco
Foundation: Slab
Floors in Unit:
Cooling: Central Air
Heating & Fuel:
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Lot Information
Lot Size (acres): 0.87
Lot Size (sq. ft.): 38,211 square feet
Road Frontage: Business District
Legal Description & Other Information
Parcel Number: 142915497160000100
Tax Legal Desc.: LAKEWOOD REPLAT LOTS 10 THRU 12 & E 10FT OF LOT 9 TOGETHER WITH THAT PART OF LOT 2 DESC AS FROM NE COR OF SD LOT 2 TH S 356FT ALG E BNDRY FOR POB TH W 265FT(S) TO W BNDRY OF SD LOT 2 TH S ALG SD W BNDRY 101.5FT TO NW COR OF LOT 8 TH E 265FT(S) ALG N BNDRY OF LOTS 8 THRU 12 TO NE COR OF SD LOT 12 TH N 101.8FT ALG E BNDRY OF SD LOT 2 TO POB LESS W 100FT THEREOF
Section: 14
Range: 15
Listing courtesy of IMPACT REALTY TAMPA BAY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
