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Property
Beds
8
Full Baths
None
1/2 Baths
None
Year Built
1949
Sq.Footage
4,160
Silver Sands is an 8 unit licensed hotel comprising three buildings and a large courtyard at an amazing 10 CAP RATE. Located just steps to the beach, this boutique hotel offers one bedroom suites to fit all types of vacationers. These spacious units all feature a combined living and dining area, generous kitchenette and separate bedroom and bathroom. The bottom floor units offer a charming front patio that opens to a large landscaped courtyard, putting guests in a vacation state of mind. An additional outdoor area for relaxing in the Gulf breeze ensures parties of all size can find a tropical sanctuary. This boutique hotel is renovated with new roofs, newer HVAC and new water heaters presenting the buyer with a low maintenance, tropical oasis. New floors and cabinets are just another highlight. Reserved on site parking is popular with guests. Prime Gulf Blvd location with direct access to a crosswalk makes staying here a breeze. The property is a two minute walk to Pinellas County's #1 tourist destination John's Pass Village & Boardwalk featuring shopping, restaurants, jet ski rentals, sunset cruises, fishing charters and live music. Treasure Island beach is located steps away and beacons guests to relax and stay a while. A boat ramp is located just steps from this property making kayak and water sports a breeze. Kayak, jet ski and floating tiki hut operators routinely make arrangements to pick up guests here. This property is currently in the process of being renovated after receiving water intrusion from Hurricane Helene. Additional 10 unit hotel for sale next-door, schedule your tour today.
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen, Stone Counters
-
Total Bedrooms
8
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
N/A
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central, Electric
Exterior
-
Garage
No
-
Construction Materials
Concrete, Stucco
-
Other Exterior Features
Courtyard, Storage
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.24
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$2,395,000
-
Tax Amount
14808.69
-
Sq. Footage
4, 160
-
Price/SqFt
$575
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Pinellas
Elementary School
Middle School
High School
Listing Courtesy of Evan Pedone , ENGEL & VOLKERS MADEIRA BEACH
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Business Coach | Executive Sales Associate | Realtor®
MichaelGraf
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