600 68th Avenue, St Pete Beach, FL 33706

$1,620,000
5,564
SqFt
Sold Price
$1,620,000
List Price
$1,899,000
Status
Sold
Closing Date
Jul 14, 2020
MLS#
U8076340
Property Style
Hotel/Motel
Year Built
1949
Living Area
5,564
Lot Size
16,000
Acres
0.37
Total Acreage
1/4 Acre to 21779 Sq. Ft.
Legal Subdivision Name
St Petersburg Beach 1st Add
MLS Area Major
Pass a Grille Bch/St Pete Bch/Treasure Isl

Property Description

A RARE AND EXCELLENT INVESTMENT OPPORTUNITY. Gulf Tides Inn is a Top Rated (5 star), Family-owned and operated 11 Unit Inn, located in popular St. Pete Beach 1 block from the beautiful Gulf of Mexico and legendary sunsets. Seven Beautiful apartment-sized 1 bedroom suites and four wonderful efficiencies. Renovated bathrooms in all units. New roofs on all of the buildings. Newer mini/split AC units in all units. Very high occupancy rate and massive opportunity to increase revenue via more aggressive marketing and pricing strategies. Faithful and profitable repeat clientele. Many regulars have been coming to the hotel for over a decade. A pristine facility. Wonderful amenities, a large heated pool, free wireless Internet, BBQ grill, laundry facilities, free in room safes, hairdryers, complimentary toiletries welcome set, and more. St. Pete Beach is a busy and growing seasonal rental market. This opportunity won't last long.

Additional Information

Taxes Annual
$14658
Community Features
Beach Area, No Deed Restriction
Property Description
One Story
Floor
Ceramic Tile
Heating
Heat Pump, Wall Units / Window Unit
Air Conditioning
Mini-Split Unit(s)
Exterior Construction
Block
Foundation
Slab
Pool
No Pool
Water Name
Gulf Of Mexico
Water View
Gulf/Ocean - Partial
Flood Zone Code
AE
Parcel ID
36-31-15-78336-004-0280
Legal Description
ST PETERSBURG BEACH 1ST ADD BLK 4, LOTS 28,29 AND 30 & 1/2 OF VAC ALLEY ON NER'LY SIDE

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of VIEWPOINT REALTY INT'L INC. Selling Office: MURPHY REALTY.

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