1770 N Fort Harrison Ave - Hospitality FOR SALE


Clearwater, FL 33755- North Clearwater
$785,000 USD
813-625-6900
1770 N Fort Harrison Ave, Clearwater, FL for Sale
$785,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

1770 N Fort Harrison Ave
Clearwater, FL 33755
North Clearwater


HIGHLIGHTS

  • Existing 9-unit hotel with on-site office component.
  • Tourist zoning supports a variety of hospitality-related uses.
  • Opportunity to assemble up to four parcels totaling approximately 31,250 SF.
  • Development concepts indicate potential for a multi-level project subject to approvals.

OVERVIEW

9 -unit Hotel complex with office located at 1770 N Ft Harrison Ave which offers great potential for redevelopment for luxury Highrise townhomes with under garage parking and retail office space. Property use is Hotel & Motel, Tourist zoning for muti level building. All plans of development must be approved by zoning board, seller is not guaranteeing redevelopment. Parcel # 04-29-15-61488-003-0051, located at 416 Princess St is also listed for sale for $300K (TB8420067). Parcel 04-29-15-61488-003-0010, 1780 N Ft Harrison Ave and Parcel # 04-29-15-61488-003-0050, 1762 N Ft Harrison Ave are not yet listed, but may be available for purchase. All 4 parcels total would be 31,250 sf. See site plan for all four parcels. See attachments for maximum development potential based on community development code for tourist district.

FOR SALE DETAILS

PRICE

$785,000 USD

PRICE/SF

$232 USD /SF

# OF ROOMS

7

PRICE/ROOM

$112,143 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Linda Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1948

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

T, Clearwater

APN/PARCEL ID

04-29-15-61488-003-0030

ASK ABOUT THIS PROPERTY

Rhett PenningtonCapital Realty Investment GroupMore Info
813-625-6900

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Rhett PenningtonCapital Realty Investment GroupMore Info
813-625-6900

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