Seaside Artisan Motel

Business Opportunity for Sale
Catylist Listing ID: 30673326
Property Subtypes: Entertainment and Leisure
Building Size (RSF): See Agent
Sale Price: $1,499,000 - 1,299,000
Name of Establishment: Seaside Artisan Motel.
Year Business Established: 1959
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 1/7/2021

Overview / Comments

Step back in time to the Seaside Artisan Motel. The Frank Lloyd Wright inspired architecture lends to the unique personality of this hidden gem just a couple of blocks from Downtown Dunedin. This eclectic motel has been popularized by strong word of mouth advertising, hand’s on customer service and overall great reputation in an old Florida setting. There is an upside opportunity for greater rental potential with an optimized website and use of vacation rental platforms. Currently renting daily, weekly and monthly, is pet friendly and currently has bookings well into 2021. Featuring two buildings—the motel building has eight 300 sq ft efficiencies and the other building has management office with lock off that includes an approx. 500 sf downstairs unit and approx. 1,200 sf upstairs 2 bed/1 bath owner’s apartment. New roof on motel building in 2019. The current owners live onsite and handle maintenance, cleaning and management. Coin operated washer and dryer for guests and utility room for maintenance with an additional washer/dryer. This corner property is one block west of iconic Victoria Drive and the intracoastal waterway. Walking distance to downtown Dunedin, shopping and restaurants, Weaver Park and Artisan District. Situated on highly visible and well-traveled Broadway Avenue. Financials & Survery attached.

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Industry Segment: Hotels and Motels
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,302 82,113 206,151
Median Age: 50.52 48.18 47.21
Households: 5,187 37,853 95,059

Contact

Photograph of Listing Agent

Kelly A Montgomery-Kepler

ENGEL & VOLKERS BELLEAIR MFCRE Member
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