701 E Fletcher Avenue, Tampa, FL 33612

$12,900,000
For Sale
Type: Hotel/Motel Sq Ft: 104,583 Lot Size: 3.44 Acres
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Property Details for 701 E Fletcher Avenue, Tampa, FL 33612

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Property Overview

Deal of the year! Current owner converted Days Inn into Palms Inn, a short term stay hotel giving you an investment with a very stable income and cap of 17%!! We are at 100% occupancy!! Tenants pay $195/week and/or $750/month for single tenants, $250/week and $950/month for double tenants.

Unbeatable location!! Directly off of I 275, 2 miles away from USF, Moffit and the VA and just a short drive to Orlando or the area beaches. Not to mention the Tampa area theme parks and attractions.

This hotel brings in $2,000,000 per year as income after all costs. Don't miss out!!
Courtesy Of Buxton Properties, Inc.

Features

  • Age: 41-50 Years Old
  • Architecture Style: Other
  • Building Units: 264
  • Legal Description: NORTH TAMPA HEIGHTS LOT 2 LESS R/W FOR SR 93 & LOT 3 LESS S 30 FT & LESS R/W FOR SR 93 BLOCK 1
  • Lot Size: 149846.4
  • MLSID: U7846779
  • Roof Type: Unknown

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Demographic Data for Tampa, FL 33612

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HOUSEHOLD INCOME
$41K
MEDIAN AGE
34
OWNER OCCUPIED DWELLINGS
7,621
VACANT DWELLINGS
3,360
HOUSEHOLDS WITH CHILDREN
4,609
ETHNIC BACKGROUND
POPULATION
47,470
Population per Square Mile
4,646.1
Population Change Since 2000
7%
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The Hotel/Motel property located at 701 E Fletcher Avenue, Tampa, FL 33612 is currently for sale. 701 E Fletcher Avenue, Tampa is listed for $12,900,000. This property has approximately 104,583 Sq. Ft. , and Lot Size of approximately 3.44 Acres. If the property located at 701 E Fletcher Avenue, Tampa, FL isn't what you're looking for, search Florida commercial real estate to see other properties for sale or lease in Tampa.