The Royal Canadian Motel

Hospitality for Sale
Catylist Listing ID: 30319305
Property Subtypes: Motel
Number of Units: 22 Units
Building Size (RSF): 8,864 SF
Gross Building Area: See Agent
Gross Land Area: 15,272 SF
Sale Price: $4,500,000
Unit Price: $204,545.45 Per Unit
Property Use Type: Business
Building Name: Royal Canadian
Name of Establishment: Royal Canadian
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 8/3/2018

Overview / Comments

Fantastic Clearwater Beach Motel Opportunity! Twenty-Two Rooms (2) Two Bedroom, One Bath Apartments One is currently occupied by the Owner Tiled living space, Gas Range, Stainless Steel Appliances, Located next to check in office (6) One Bedroom Suites with Kitchenette, Couch & Full Bath (4) Spacious One Bedroom Suites with Kitchenette, Couch & Full Bath (8) Eight Efficiencies with Kitchenette and Full Bath Heated Pool- Natural Gas All A/C Units Replaced within the last year Designated 14 Parking Spaces for the property Wifi and updated Cable Situated on 2.5 lots, .35 Acres Roof replaced within 10 years Two Full Time Service Employees

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 052915547470840060
Retail Clientele: Traveler, Tourist, Recreation
Property Located Between: North Clearwater Beach
Property Visibility: Excellent
Largest Nearby Street: Mandalay Ave
Feet of Frontage: 149
Area Description: Clearwater Beach
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Year Built: 1987
Roof Type: Flat
Construction/Siding: Block
Water Recreation: Outdoor Pool
Parking Type: Surface
Parking Description: 14 Assigned Spaces + metered street parking
Lot Frontage: 149
Lot Depth: 103
Water Service: Municipal
Sewer Type: Municipal
Legal Description: MANDALAY UNIT NO. 5 BLK 84, LOTS 5 & 6 & N 1/2 OF LOT 4

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,763 47,183 146,366
Median Age: 59 45.19 46.73
Households: 1,492 21,437 66,473

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