12315 GULF BLVD Active Save Request In-Person Tour Request Virtual Tour
Treasure Island,FL 33706
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,160 sqft
Price per Sqft $575
Subdivision Coney Island
MLS Listing ID TB8322337
Bedrooms 8
Year Built 1949
Annual Tax Amount $14,808
Lot Size 10,454 Sqft
Property Description
Silver Sands is an 8 unit licensed hotel comprising three buildings and a large courtyard at an amazing 10 CAP RATE. Located just steps to the beach, this boutique hotel offers one bedroom suites to fit all types of vacationers. These spacious units all feature a combined living and dining area, generous kitchenette and separate bedroom and bathroom. The bottom floor units offer a charming front patio that opens to a large landscaped courtyard, putting guests in a vacation state of mind. An additional outdoor area for relaxing in the Gulf breeze ensures parties of all size can find a tropical sanctuary. This boutique hotel is renovated with new roofs, newer HVAC and new water heaters presenting the buyer with a low maintenance, tropical oasis. New floors and cabinets are just another highlight. Reserved on site parking is popular with guests. Prime Gulf Blvd location with direct access to a crosswalk makes staying here a breeze. The property is a two minute walk to Pinellas County's #1 tourist destination John's Pass Village & Boardwalk featuring shopping, restaurants, jet ski rentals, sunset cruises, fishing charters and live music. Treasure Island beach is located steps away and beacons guests to relax and stay a while. A boat ramp is located just steps from this property making kayak and water sports a breeze. Kayak, jet ski and floating tiki hut operators routinely make arrangements to pick up guests here. This property is currently in the process of being renovated after receiving water intrusion from Hurricane Helene. Permits are already in place, giving the new owner the opportunity to be one of the first hotels reopening on the beaches and to take advantage of the busy winter and spring seasons. Additional 10 unit hotel for sale next-door, schedule your tour today.
Location
State FL
County Pinellas
Community Coney Island
Interior
Heating Central,Electric
Cooling Central Air
Laundry Laundry Room
Exterior
Exterior Feature Courtyard,Fence,Irrigation System,Sidewalk,Storage
Utilities Available Cable Connected,Electricity Connected,Phone Available,Public,Sewer Connected,Street Lights,Water Connected
Roof Type Metal
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Concrete,Stucco
New Construction false
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None