1106 Main St - Hospitality FOR SALE


Safety Harbor, FL 34695- Greater Safety Harbor South
$2,490,000 USD
727-643-2314
1106 Main St, Safety Harbor, FL for Sale
$2,490,000 USD
Hospitality - FOR SALE
1/22
null | 8.36% Cap Rate

1106 Main St
Safety Harbor, FL 34695
Greater Safety Harbor South


OVERVIEW

The Safety Harbor Motel presents a rare opportunity to acquire a fully renovated, turnkey 13-unit hospitality asset in one of Tampa Bay's most desirable markets. Established in 1957 and completely modernized through a comprehensive 2022 renovation, this boutique property combines classic Florida charm with contemporary amenities and infrastructure. STRATEGIC LOCATION & MARKET POSITION Primely positioned on Main Street in downtown Safety Harbor, the motel sits within walking distance of the waterfront, dining, shopping, and local attractions. The supply-constrained submarket benefits from strong year-round tourism and proximity to major destinations including Clearwater Beach and Tampa, ensuring consistent demand from both leisure travelers and extended-stay guests. PROPERTY FEATURES The 4,758 square foot property offers diverse accommodation options across 13 well-appointed units: • 6 Queen Studios with kitchenettes • 2 King Studios with kitchenettes • 1 One-Bedroom House with full kitchen • 1 Two-Bedroom House with full kitchen • 1 Two-Bedroom Cottage (flexible 4-bed/3-bath layout) • 2 Sleeper rooms FINANCIAL PERFORMANCE The business demonstrates solid financial metrics with annual revenue of $405,053 and seller's discretionary earnings of $208,146. The property generates strong direct bookings through established customer relationships and repeat business, indicating market confidence and operational stability. GROWTH POTENTIAL Significant upside exists through enhanced online presence. While the motel currently relies primarily on direct reservations, there is substantial opportunity to increase occupancy and revenue through improved utilization of Online Travel Agencies (OTAs) including Airbnb, Vrbo, and Booking.com. Recent implementation of new management software with integrated OTA capabilities has already begun showing positive reservation increases. TURNKEY OPERATION This is a complete hospitality business including real estate, FF&E valued at $90,000, and established operations. The seller provides 30 days of training to ensure smooth transition. With its recent renovations, prime location, and proven cash flow, this represents an exceptional entry point into Florida's robust hospitality market.

FOR SALE DETAILS

PRICE

$2,490,000 USD

PRICE/SF

$523 USD /SF

# OF ROOMS

13

PRICE/ROOM

$191,538 {currency}

CAP RATE

8.36%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Safety Harbor Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

R1,Safety Harbor

APN/PARCEL ID

04-29-16-66348-003-0170

ASK ABOUT THIS PROPERTY

Ben KreloffA.R.K. Property Solutions, IncMore Info
727-643-2314

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Ben KreloffA.R.K. Property Solutions, IncMore Info
727-643-2314

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.