Star Motel - 5+ acres
Hospitality
for Sale
| Catylist Listing ID: |
30797788 |
| Property Subtypes: |
Motel
|
| Number of Units: |
51 Units |
| Building Size (RSF): |
26,363 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
5.39 Acres
|
| Sale Price: |
$3,900,000 |
| Unit Price: |
$76,470.59 Per Unit |
| Property Use Type: |
Investment, Business |
| Name of Establishment: |
Star Motel |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/10/2023 |
Overview / Comments
|
Great redevelopment site (zoning requirements for redevelopment - hotel, apartments, plaza, etc) or run the motel. 5+ acres. 50 units plus a 3,200 sq. ft - 4 bedroom, 3 full and 2 -1/2 bath owners (manager) home. A total of 37 buildings (28 hard buildings and 9 mobile homes) 15 one bedroom with kitchen, 12 one bedroom motel room, 5 one bedroom mobile home, and 19 mixture of mobile homes and independent cottages. Inground pool and laundry. Ample parking. Ownership since 1998. Survey available. Minutes to Hard Rock Casino, Amphitheater, and Fairgrounds. 10 minutes to downtown Tampa.
|
Additional Details
| Nearest MSA: |
Tampa-St. Petersburg-Clearwater |
| County: |
Hillsborough |
| Tax ID/APN: |
202832ZZZ000002253700U |
| Zoning: |
CG/AS1 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Casino, Other |
| Property Visibility: |
Excellent |
| Feet of Frontage: |
307 |
| Highway Access: |
I-75 one minute away |
| Airports: |
Tampa International |
| Nearby Attractions: |
Hard Rock Casino, Amphitheater, Fairgrounds |
| Total Number of Buildings: |
37 |
| Property Condition: |
Good |
| Year Built: |
1945 |
| Year Renovated: |
1983 |
| Water Recreation: |
Outdoor Pool |
| Parking Type: |
Surface |
| Laundry: |
Shared |
| Lot Frontage: |
307 |
| Legal Description: |
TRACT BEG 30 FT N AND 225.75 FT W OF SE COR OF SE 1/4 AND RUN W 195.75 FT N 398 FT W391.50 FT N 99.7 FT NELY PARALLEL WITH RD 200 FT N 200 FT TO STATE RD 17 NELY ALG SR 308.65 FT S 200 FT NELY PARALLEL WITH RD 90.09 FT S 628.31 FT TO POB |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,439 |
49,592 |
169,764 |
| Median Age: |
32.45 |
35.88 |
35.46 |
| Households: |
3,242 |
17,437 |
63,599 |
|
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