3485 Ulmerton Rd - Hospitality FOR SALE


Clearwater, FL 33762- Feather Sound
$9,750,000 USD
561-227-2676
3485 Ulmerton Rd, Clearwater, FL for Sale
$9,750,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

3485 Ulmerton Rd
Clearwater, FL 33762
Feather Sound


HIGHLIGHTS

  • 79 Rooms
  • 2006 Construction
  • Expected New Buyer PIP: Approximately $1.5M
  • Property Is on a Ground Lease with St. Pete–Clearwater International Airport
  • Within ~1.5 Miles from St. Pete–Clearwater International Airport
  • Within ~16 Miles from Downtown Tampa

OVERVIEW

Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 79-room SpringHill Suites by Marriott, located in Clearwater, Florida. The property is a three-story, limited-service hotel directly off of Ulmerton Road and conveniently located near world-renowned beaches (Clearwater Beach, St. Pete Beach), top attractions like Tropicana Field and downtown St. Petersburg, major corporate offices, tech parks, and St. Pete–Clearwater International Airport. Additionally, the property presents the opportunity to operate a highly desirable flag within the rapidly growing Tampa - St. Petersburg - Clearwater MSA, known for its strong tourism, healthcare, defense, and finance sectors driving year-round demand. The SpringHill Suites St. Petersburg Clearwater offers investors the opportunity to acquire a 79-room, interior-corridor property in a highly established and growing market with value-add potential.

FOR SALE DETAILS

PRICE

$9,750,000 USD

PRICE/SF

$187 USD /SF

# OF ROOMS

79

PRICE/ROOM

$123,418 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SpringHill Suites St. Petersburg Clearwater

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2006

PARKING SPACES

73

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

C-2

APN/PARCEL ID

34-29-16-00110-000-0022

ASK ABOUT THIS PROPERTY

Ely SilversteinCushman & WakefieldMore Info
561-227-2676

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Ely SilversteinCushman & WakefieldMore Info
561-227-2676

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