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: $6,500,000
Unit Price: $127,450.98 Per Unit
Property Use Type: Investment, Business
Name of Establishment: Star Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/17/2022

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.

Attachments & Media

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

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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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