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    Address Not Available By Request

    Sarasota, FL 34243
    • $5,000,000
    • STATUS: Active
    • ON SITE: 13 days
    • MLS #: 221002743
    UPDATED: 60 min ago
    $5,000,000
    • 0
      BEDS
    • 1.76
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1949
    County:

    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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    © 2021 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Realty Team. Data last updated 2021-01-26T08:30:23.12.
    www.realtyteamleecounty.com/homes/113199884
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    Address Not Available By Request Sarasota, FL 34243

    • Price: $5,000,000
    • Status: Active
    • Updated: 60 min ago
    • MLS #: 221002743
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.76
    Acres
    1949
    Built
    Neighborhood:
    Oa01 - Out Of Area
    County:
    Manatee
    Area:
    Oa01 - Out Of Area
    Property 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.
    Exterior Features

    Architectural Style Low Rise Covered Spaces 0 Waterfront Features None Waterfront YN No

    Property Features

    Association Fee 0 Association Fee2 0 Business Type Hospitality Current Use Multi-Family Development Name Gulf Access YN 0 Land Lease Amount 0 Lease Considered YN No Potential Short Sale YN N Property Condition Resale Property Sub Type Hotel/Motel Restrictions Tax Annual Amount 23658 Tax Year 2020

    Listing courtesy of Krystal Edwards of Century 21 Selling Paradise.


    © 2021 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Realty Team. Data last updated 2021-01-26T08:30:23.12.
     
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