653 Mandalay Ave - Hospitality FOR SALE


Clearwater Beach, FL 33767
$8,000,000 USD
727-584-7355
653 Mandalay Ave, Clearwater Beach, FL for Sale
$8,000,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

653 Mandalay Ave
Clearwater Beach, FL 33767


HIGHLIGHTS

  • Main throughfare
  • Across the street from beach access

OVERVIEW

This property is located on the beautiful Clearwater Beach with access to the beach across the street. This is being sold as a development site. Family-owned and operated for over 40 years. Based on comparable properties the income could be substantial. Main thoroughfare. This is a 22-unit motel with a pool. There are two, 2-story buildings on 1/3 of an acre. 1st floor was affected by hurricane. and is currently being renovated.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$724 USD /SF

# OF ROOMS

22

PRICE/ROOM

$363,636 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Canadian Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1948

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,655 SF

ZONING

c2

APN/PARCEL ID

05-29-15-54747-084-0060

ASK ABOUT THIS PROPERTY

Georgette GillisViewpoint Realty InternationalMore Info
727-584-7355

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Georgette GillisViewpoint Realty InternationalMore Info
727-584-7355

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