12035 Gulf Boulevard, Treasure Island, FL 33706

$1,995,000
3,434
SqFt
List Price
$1,995,000
Status
Active
Days on Market
348
MLS#
U8010585
Property Style
Hotel/Motel
Year Built
1952
Living Area
3,434
Lot Size
10,302
Acres
0.24
Total Acreage
Up to 10,889 Sq. Ft.
MLS Area Major
Pass a Grille Bch/St Pete Bch/Treasure Isl

Property Description

Wow, Treasure Island turn key vacation rental motel. Virtually every inch of this property has been polished with the beauty of it feeling like home. It is owner operated and they have renovated the rooms with fashion, design and style. Outside, the property is immaculate and gorgeous with the beach across the street. There is 10 motel/studio units with the owner's quarters and office. The license states 13 units which the owners quarters could be converted to rentals. With 13 parking spaces on 3 lots (less road) this is a 10,302 square foot property and the zoning requirements for new construction should be verified with the city. New construction could have a Gulf view. The property gross is approximately $305,000 a year and has room for increase with the popularity of Treasure Island beaches. The drive by traffic on Gulf Blvd. is financially key exposure. Insurance is approximately $11,500. Come and be part of the "island living" experience with an income property. (Buyers are responsible to verify information on this property and listing.)

Additional Information

Taxes Annual
$7944
Location
Flood Insurance Required, FloodZone
Community Features
No Deed Restriction
Utilities
Public
Heating
Wall Units / Window Unit
Air Conditioning
Wall/Window Unit(s)
Exterior Construction
Block
Roof
Shingle
Pool
No Pool
Garage Features
13 to 18 Spaces
Flood Zone Code
AE
Parcel ID
15-31-15-17784-017-0040
Legal Description
CONEY ISLAND BLK 17, LOTS 4,5 AND 6 LESS RD (SEE N23-31-15)

Mortgage Calculator

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Listing courtesy of CHARLES RUTENBERG REALTY INC.

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