275 S 34th St - Hospitality FOR SALE


Saint Petersburg, FL 33711- Central Oak Park
$4,500,000 USD
275 S 34th St, Saint Petersburg, FL for Sale
$4,500,000 USD
Hospitality - FOR SALE
1/6
null | 11% Cap Rate

275 S 34th St
Saint Petersburg, FL 33711
Central Oak Park


HIGHLIGHTS

  • 275 S 34th St, Inn on The Mill, is an excellent location within a 10-drive away from downtown and the beaches.
  • Join a vibrant mix of national brand restaurants and shops, including big businesses such as Walmart, Walgreens, CVS, and ADI.
  • Within “The Sunshine City,” Inn on The Mill is heavily trafficked, welcoming tourists and new residents participating in nearly 1,000 special events.
  • Accommodations include 45-room turnkey access, outdoor pool, 50 parking spaces, owner-operated, and positioned for significant rebranding.

OVERVIEW

275 S 34th St is an excellent hospitality site in "The Sunshine City" of Saint Petersburg, FL, near the main intersection connecting downtown St. Petersburg and the soft sandy shores of St. Pete Beach. Here is a close-knit community of sports fans, working artists, a spectrum of support, and opportunities for visitors to connect with Florida residents. Prime revenue generating motel within one of the nation's fastest-growing cities, which experiences a daily foot traffic population of 75,212 people. The property has 45 suites, turnkey access, outdoor pool access, 50 parking spaces, and value signage opportunity. Your residents will join a vibrant mix of national brand restaurants and shops, including big businesses such as Walmart, Walgreens, CVS, and ADI. Tropicana stadium is also just an eight-minute drive down 5th Avenue. In addition, excellent local transit access, with the Second Avenue bus stop a block away. This access will provide guests with exciting nightlife and leisurely relaxing days on the sand. Cash Only Deal

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$240 USD /SF

# OF ROOMS

45

PRICE/ROOM

$100,000 {currency}

CAP RATE

11%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Inn On The Hill Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1963

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,501 SF

ZONING

CG, St Petersburg

APN/PARCEL ID

22-31-16-96228-006-0120

ASK ABOUT THIS PROPERTY

Khailash DeodatAchievers RealtyMore Info

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

Khailash DeodatAchievers RealtyMore Info

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