Description
Location, Location, Location. This Property is an Investment for the right Hospitality Guru. It is a Distressed Property with lots of Potential. It is walking distance to Universities and the International Airport and within miles of Florida Beaches. This Hotel/Motel property has 5 buildings and several units fully furnished. Its in the heart of Sarasota, minutes away from the Art District, the ever growing Universities and the International Sarasota/Bradenton Airport. It has a lot of undeveloped area and it is surrounded by new construction. Seller is looking for Developers with the ability to transform this property. Open to Construction ideas, such as Student Housing, Multi-Family Apartments, Assisted Living Facilities, or a Hotel with a bigger Footprint. Excellent Return on Investment and Cap Rate possibilities. Joint Ventures and Financing Available for the right candidate. We are reviewing several innovative real estate options. Join us in recreating and renovating the city of Sarasota.
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0BEDS
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1.76ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Location, Location, Location. This Property is an Investment for the right Hospitality Guru. It is a Distressed Property with lots of Potential. It is walking distance to Universities and the International Airport and within miles of Florida Beaches. This Hotel/Motel property has 5 buildings and several units fully furnished. Its in the heart of Sarasota, minutes away from the Art District, the ever growing Universities and the International Sarasota/Bradenton Airport. It has a lot of undeveloped area and it is surrounded by new construction. Seller is looking for Developers with the ability to transform this property. Open to Construction ideas, such as Student Housing, Multi-Family Apartments, Assisted Living Facilities, or a Hotel with a bigger Footprint. Excellent Return on Investment and Cap Rate possibilities. Joint Ventures and Financing Available for the right candidate. We are reviewing several innovative real estate options. Join us in recreating and renovating the city of Sarasota.
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