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600 68TH AVENUE

Commercial For Sale
$5,100,000

BTC: 79.26676686

ETH: 1,651.18545403

-$300K (2024/03/01)
96 days
0 room(s)
5,980 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Embrace the extraordinary chance to acquire a fully operational, beautifully renovated boutique motel at the heart of St. Pete Beach, acclaimed for its unspoiled splendor and acclaimed as America's top beach by TripAdvisor in 2021. This exclusive resort, featuring 12 meticulously crafted units, each with direct pool access, is a sanctuary of luxury and convenience. The motel comprises 12 versatile units, including a spacious 2-bedroom suite, six elegant 1-bedroom units with full kitchens, four efficient units also with full kitchens, and a charming micro efficiency unit with a mini-fridge. A comprehensive renovation has elevated this property to a 5-star status, with each unit boasting modern mini-split AC systems, polished kitchens with shaker cabinets and granite countertops, and bathrooms with exquisite turquoise tilework. The resort is further enhanced with new interior and exterior paint, contemporary beach-style plank flooring, and updated plumbing and electrical systems. The roof, redone in 2017, and a stylishly remodeled pool area, completed in 2020, add to the property's appeal. The pool area, adorned with majestic Royal Palm trees, offers a lavish setting with ample outdoor furniture, two grills for al fresco dining, and a sun shelf for ultimate relaxation. Each unit has its own beach storage crate, complete with a beach wagon and chairs, for guest convenience. Just a 3-minute stroll away lies the soft sands of Upham Beach, with beach bikes available for those seeking to explore further. Located on the beach side of Gulf Blvd, this property is a stone's throw from an array of exquisite beachfront dining, bars, shops, and vibrant nightlife. Currently operated as a successful Airbnb, with available financial records, this property holds a valuable motel license for short-term rentals, a significant asset for the new owner. This is more than a property; it's a testament to impeccable taste and a commitment to excellence. A visit is essential to fully appreciate the beauty and opportunity it presents. The property is sold as-is, with potential owner/seller financing on favorable terms. Don't miss out on this unparalleled investment opportunity at St. Pete Beach.

Location

Facts and features

Type:
Commercial Sale
Parking:
13 to 18 Spaces
Year Built:
1949
Lot:
0.37 Acres
Heating:
Solar
Price/sqft:
$853
Cooling:
Mini-Split Unit(s)
HOA:
No Data
All facts and features
  • Heating

    • Solar

    Cooling

    • Mini-Split Unit(s)

  • Parking

    • 13 to 18 Spaces

    Lot

    • Lot: 0.37 Acres

    Other Property Information

    • Parcel Number: 363115783360040280

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Hotel/Motel

  • Utility

    • Electricity Available

    • Water Connected

  • Other financial information

    • Annual tax amount: $63,794

  • Source details

    • MLS ID: T3498073

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Lot Features: Flood Insurance Required / FloodZone / City Lot / Sidewalk / Street Lights

    • Direction Faces: Northwest

    • Living Area: 5980

    • Water Source: Public

    • Lot Size Dimensions: 160 x 100

    • Subdivision Name: ST PETERSBURG BEACH 1ST ADD

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: LPT REALTY