3110 Phillippe Pky - Hospitality FOR SALE


Safety Harbor, FL 34695- Greater Safety Harbor South
$2,090,000 USD
727-788-5255
3110 Phillippe Pky, Safety Harbor, FL for Sale
$2,090,000 USD
Hospitality - FOR SALE
1/28
null | Request Cap Rate

3110 Phillippe Pky
Safety Harbor, FL 34695
Greater Safety Harbor South


HIGHLIGHTS

  • 4 new A/C units (2024 & 2025)
  • repaved parking lot
  • 8 remodeled units each feature kitchenettes, with SMART systems including locks and TVs

OVERVIEW

Welcome to the Marbay Motel, a well-established property with unique character and tremendous potential in Safety Harbor. This 8-unit motel plus office with attached bedroom and 9 bathrooms sits on a spacious 1.54-acre lot in a prime location. Currently generating an average of $20K in monthly revenue, this property is both a proven income producer and a rare redevelopment opportunity. The 8 remodeled units each feature kitchenettes, with SMART systems including locks and TVs for modern convenience. The office with an attached bedroom adds flexibility for on-site management. Recent upgrades include 4 new A/C units (2024 & 2025), a repaved parking lot, and other ongoing improvements. Guests enjoy on-site amenities such as mini golf, on-site laundry, a covered pergola with BBQ. The property has even made appearances in two films and a recent Publix commercial, adding to its local charm and recognition. With its prime Safety Harbor location, this property is ideal for hosting events or exploring future development. A request to negotiate with the city has already been approved to rezone for residential buildings, opening the door for 10–12 potential residential structures - a fantastic opportunity for the right developer to bring the vision to life. Just 5 minutes from downtown Safety Harbor’s restaurants, breweries, and shops, and close to Philippe Park with water sports rentals and a boat ramp, this property is also only 6 minutes to Chi Chi Rodriguez Golf Course and less than 30 minutes to Tampa, TIA, Raymond James Stadium, and the Gulf beaches. Whether you’re looking for a profitable short-term rental/motel business or a prime redevelopment project, the Marbay Motel offers endless possibilities.

FOR SALE DETAILS

PRICE

$2,090,000 USD

PRICE/SF

$514 USD /SF

# OF ROOMS

8

PRICE/ROOM

$261,250 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MarBay Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1942

PARKING SPACES

13

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

66,991 SF

ZONING

C-2

APN/PARCEL ID

27-28-16-00000-210-0900

ASK ABOUT THIS PROPERTY

Jeffrey BorhameXp Commercial LLCMore Info
727-788-5255

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Jeffrey BorhameXp Commercial LLCMore Info
727-788-5255

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