3109 N Ola Ave - Hospitality FOR SALE


Tampa, FL 33603- Tampa Heights
$775,000 USD
813-625-6520
3109 N Ola Ave, Tampa, FL for Sale
$775,000 USD
Hospitality - FOR SALE
1/154
null | 25% Cap Rate

3109 N Ola Ave
Tampa, FL 33603
Tampa Heights


OVERVIEW

This is Your Opportunity to Own a Piece of History!Income Producing B&B/ HOSTEL Gram's Place Bed and Hostel is Tampa's oldest Hostel. Gram's Place Bed and Hostel features 6 completely private rooms with ensuite baths, 6 traditional shared dorm rooms with shared baths, 2 'Semi-Private” Rooms which are still private, but without an ensuite bath, and multiple common areas as well as an outdoor ½ bath and shower. All rooms are air conditioned, and the property has full internet, in this music-themed hostel. Two full kitchens are available to all of the guests to prepare one’s own or communal meals ,with cookware, plates, and silverware. The compound features a heated jacuzzi /spa patio deck, open seating and quiet areas with deck chairs, two countertops and stools for guests to use, a stage for music performances and concerts, and a full laundry staff and laundry services for guests. The whole property is fenced with a secure NEW fence and coded locks on all the doors and entries for additional security and control of access. Guest have long enjoyed our “Stairway to Heaven” pathway that ascends and through the tree canopy to the rooftop platform in the trees that guests have affectionately named “The Crow’s Nest”. This quiet neighborhood of Tampa Heights neighborhood is the fastest growing area in the Tampa Bay area. “Plymouth Playground” neighborhood park is across the street and features basketball courts, a picnic-ready green lawn, a baseball park, and a children’s playground for everyone’s use and enjoyment. The family-run Bed and Hostel, in continuous operation since founded in 1991, has been a long-time destination for world travelers, businesspeople, and folks from every walk of life. are all welcome and cater to Business Professionals, Couples, Members of the LGBTQ community, Families with children, Artists, Musicians, Singers, Songwriters, Actors, Painters, and Poets, etc. from all corners of the world. This commercial property is located:1 mile north of downtown Tampa./ 1/2 mile to Armature work and Straz Performing Arts Center/ 1.25 mile from University of Tampa / 1 .5 miles to Historic Ybor City/ 2 Miles to Downtown Riverwalk and Bayshore Blvd. / 5 miles to Busch Gardens /2.5 miles to Raymond James Stadium Riverside Heights is an easy commute to all areas of Tampa and close to bridges to St Petersburg, Clearwater and Gulf Beaches. This hostel/hotel is a profit maker and has the potential for upcharges and additional income possibilities. Gram’s Place Bed and Hostel is named in honor of Singer/Songwriter Gram Parsons (1946-1973).

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$368 USD /SF

# OF ROOMS

8

PRICE/ROOM

$96,875 {currency}

CAP RATE

25%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gram's Place Hostel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1945

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

PD/Bed & Breakfast/Hostel

APN/PARCEL ID

A-12-29-18-4QO-000003-00002.0

ASK ABOUT THIS PROPERTY

Chib AndersonAgile Group RealtyMore Info
813-625-6520

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Chib AndersonAgile Group RealtyMore Info
813-625-6520

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