520 73rd Ave - Hospitality FOR SALE


Saint Petersburg, FL 33706
$4,875,000 USD
941-539-7253
520 73rd Ave, Saint Petersburg, FL for Sale
$4,875,000 USD
Hospitality - FOR SALE
1/68
null | 5.43% Cap Rate

520 73rd Ave
Saint Petersburg, FL 33706


OVERVIEW

Introducing the Park Shore Boutique & Park Shore Suites—a meticulously assembled 19-unit hospitality offering just steps from the sugar-white sands, providing a rare opportunity to acquire a fully operational, design-forward asset where every detail has already been executed to perfection. This exceptional offering seamlessly blends two complementary income streams: the 12-unit Park Shore Boutique, delivering stable, long-term income through thoughtfully designed unfurnished residences, and the 7-unit Park Shore Suites, a fully furnished, high-performing short-term rental operation tailored to discerning beachside travelers. The result is a refined, diversified portfolio generating nearly $500,000 annually—with zero operational lift required. Spanning three cohesive buildings, the property is anchored by a resort-style pool environment, creating a boutique hospitality experience that rivals larger-scale resorts while maintaining an intimate, highly curated atmosphere. Each unit and common area reflects a level of care and intentionality rarely found in assets of this scale—offering a truly plug-and-play investment for the sophisticated hotelier. For the portfolio buyer, this is not a project—it’s a finished product. A stabilized, turnkey asset with proven performance, immediate cash flow, and the infrastructure already in place to support continued growth through brand elevation or rate optimization. Positioned in an irreplaceable coastal location just moments from world-class dining, entertainment, and the Gulf’s iconic shoreline, this offering delivers both lifestyle prestige and institutional-grade performance. In a landscape where turnkey hospitality assets of this caliber rarely come to market, Park Shore Boutique & Park Shore Suites stand apart as a legacy acquisition—refined, complete, and ready to perform from day one.

FOR SALE DETAILS

PRICE

$4,875,000 USD

PRICE/SF

$488 USD /SF

# OF ROOMS

7

PRICE/ROOM

$696,429 {currency}

CAP RATE

5.43%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Shore Boutique & Park Shore Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1974

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,284 SF

ZONING

CC-2

APN/PARCEL ID

36-31-15-77994-046-0090

ASK ABOUT THIS PROPERTY

Zach SteinbergerCompassMore Info
941-539-7253

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Zach SteinbergerCompassMore Info
941-539-7253

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