13220 Gulf Blvd # 1 and 2, St Petersburg, FL 33708

$30,000,000
For Sale
Type: Hospitality Sq Ft: 73,055 Lot Size: 4.98 Acres
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Property Details for 13220 Gulf Blvd # 1 and 2, St Petersburg, FL 33708

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Property Overview

This hotel project offers the security of a proven well-run hotel with great numbers. Phase 1 is fully operational available at a comfortable CAP rate of 8.5% at 15M. Phase 1 offers updated rooms, great views and is getting an entirely new skin as you read this. While operating this on-going hotel, you can pre-sell the new suites in Phase 2 or even Phase 1 as a condo-hotel or develop a new concept for the entire property. Phase 2 will come completely furnished, ready to rent, down to the towels, kitchens and reservation system and will include an additional 30 2-bedroom/2-bath units to greatly improve income and with an even better CAP rate for the entire project with phase 2 costs due as completed.

The new suites will allow this property to better accommodate the overseas and Latin American visitors. These visitors stay longer and like the amenities offered with a larger suite for the whole family. The lifestyle offers a family atmosphere to enjoy along with nearby attractions and amenities for the whole family and 200' of sugar sand beaches. The open beach, a rooftop deck and poolside patios offer new venues to add income with rooftop dining and lounge, wedding packages, catering and more to increase ADR and capture an even greater share of the beach market. Money is made using space, and this plan allows for so much more. There is no more waterfront being made, and this project offers in place profits, permits, construction, and sand, sand and more sand.

Contact us for more details. Plans, numbers, specs and views available for interested qualified parties and NDA.
Listed By CENTURY 21 Beggins Enterprises

Features

  • Age: New Construction
  • Area Amenities: Area Pool
  • Area Description: Sand Beach
  • Area Description: Other Beach
  • Body of Water: Gulf
  • Body of Water: Bay
  • Building Area: 73055.00 SF
  • Community Type: Beach Resort
  • Cooling: A/C
  • Cooling: Central A/C
  • Cross Docks: N
  • For Auction: N
  • Lot Size: 216928.80
  • Lot Size In Text: 4.98 Acres
  • MLSID: 13220 Gulf
  • Price Upon Request: N
  • Style: Other Style
  • Sublease: N
  • Views: Water

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Demographic Data for Saint Petersburg, FL 33708

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HOUSEHOLD INCOME
$74K
MEDIAN AGE
59
OWNER OCCUPIED DWELLINGS
5,948
VACANT DWELLINGS
4,013
HOUSEHOLDS WITH CHILDREN
995
ETHNIC BACKGROUND
POPULATION
15,874
Population per Square Mile
4,653.5
Population Change Since 2000
-3%
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14995 Gulf Boulevard
Madeira Beach, FL 33708
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Additional Comments
The Hospitality property located at 13220 Gulf Blvd # 1 and 2, St Petersburg, FL 33708 is currently for sale. 13220 Gulf Blvd # 1 and 2, St Petersburg is listed by CENTURY 21 Commercial Real Estate for $30,000,000. This property has approximately 73,055 Sq. Ft. , and Lot Size of approximately 4.98 Acres. If the property located at 13220 Gulf Blvd # 1 and 2, St Petersburg, FL isn't what you're looking for, search Florida commercial real estate to see other properties for sale or lease in Saint Petersburg.