5340 N Tamiami Trail, Sarasota, FL 34234

sale $4,000,000 | Hospitality

Listed By CENTURY 21 Selling Paradise

Location, Location, Location. This Property is an Investment for the right Hotel Investor. It is a Distressed Property with lots of room to expand. It is walking distance to Universities and the International Airport and within miles of Florida Beaches. This Hotel/Motel property has 48 units and 1 Managerial Quarters; which is the size of a 2 Bedroom apartment. Its in the heart of Sarasota, minutes away from the Art District, the ever growing Universities, Muscle Car Museum, University Mall, and the International Sarasota/Bradenton Airport. It has a lot of undeveloped area and it is surrounded by new construction. Seller is looking for Developers with the ability to transform this property. Open to Construction ideas, such as Student Housing, Multi-Family Apartments, Assisted Living Facilities, or a Hotel with a bigger Footprint. Excellent Return on Investment and Cap Rate possibilities. Joint Ventures and Financing Available for the right candidate. We are reviewing several innovative real estate options. Join us in recreating and renovating the city of Sarasota.

Property Features

Age: 41-50 Years Old
Cross Docks: N
Fencing: Fenced Yard
For Auction: N
Heating - Fuel Type: Gas
Lot Size In Text: 1.97 Acres
MLSID: 220017951
Parking Places: 0
Price Per Area: 0.00
Price Upon Request: N
Property Use: Rental or Investment
Style: Other Style
Sublease: N
Tax Year: 2019
Taxes: $24887.00

5340 N Tamiami Trail, Sarasota, FL 34234

Property Features

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