12315 GULF BOULEVARD

Treasure Island, FL 33706
$2,395,000
4480 sqft | 8 beds | 0.24 acres | #TB8322337
For Sale

Description

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, HVAC and 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. Permits are already in place, giving the new owner the opportunity to be one of the first hotels reopening on the beaches and to take advantage of the busy winter and spring seasons. Additional 10 unit hotel for sale next-door, schedule your tour today.
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  • Interior Details
    • Interior Features
      • Interior:Eat-in Kitchen, Kitchen/Family Room Combo, Solid Wood Cabinets, Stone Counters
    • Beds & Baths
      • Bedrooms:8
  • Property Details
    • Property
      • Exterior materials:Courtyard, Fence, Irrigation System, Sidewalk, Storage
    • Measurements
      • Acres:0.24
      • Square Feet:4480
  • Construction Details
    • Type & Style
      • Property type:Multi-Family
    • Condition
      • Year built:1949
    • Material information
      • Foundation:Slab
  • Utilities / Energy Details
    • Utility
      • Sewer information:Public Sewer
      • Utility source:Public
      • Utility features:Cable Connected, Electricity Connected, Phone Available, Public, Sewer Connected, Street Lights, Water Connected
  • Community and Neighborhood Details
    • Community
      • Subdivision:CONEY ISLAND
    • Location
      • County:Pinellas
  • Financial Details
    • Pricing Details
      • Original List Price:$2, 395, 000
      • Days on Market (Cumulative):6
      • Taxes annual:$14, 808
  • Other
    • Source
      • MLS #:TB8322337

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Del Amo Realty

Last Updated: . Source: SMLS

Listing Courtesy
Listing Agent: Evan Pedone
Listing Office: ENGEL & VOLKERS MADEIRA BEACH

Del Amo RealtyReal Estate Group
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6.0%

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2.6%
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    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Del Amo Realty