Beachfront Hotel

Hospitality for Sale
Catylist Listing ID: 30378108
Property Subtypes: Hotel, Motel
Number of Units: 8 Units
Building Size (RSF): 3,708 SF
Gross Building Area: See Agent
Gross Land Area: 0.26 Acres
Sale Price: $2,100,000
Unit Price: $262,500 Per Unit
Property Use Type: Investment
Building Name: Beach Croft Motel
Sale Terms: Cash to Seller
Cap Rate: 4.76%
Last Updated: 2/21/2019

Overview / Comments

Directly on Englewood Beach adjacent the Public Beach just a few steps to the water. MCT zoning allows for multiple uses to include the current hotel use, mixed use and also residential redevelopment. The property has an incredible presence directly on Beach Rd and also any beach goers cannot miss this charming location.
Currently enjoys over six figures per year in rental income but the potential is much greater. Purchase this rare site and enjoy all of what Florida's beach life has to offer! The island is home to many types of wildlife including herons, osprey, other birds, dolphins, manatees, tarpon, trout, red fish and snook. From May 1st to October 31st, our beaches are the home for Loggerhead turtles. Englewood Beach contains many types of shells and is famous for fossilized shark’s teeth.

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 411912176001
Zoning: MCT - MANATEE COMMERCIAL TOURIST
Retail Clientele: Family, Tourist, Recreation
Property Located Between: Aura and Ray Streets
Property Visibility: Excellent
Largest Nearby Street: SR-776 (S. Indiana Road) and S. McCall Road
Highway Access: SR-776 (S. Indiana Road)
Airports: Punta Gorda, SRQ
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1951
Year Renovated: 1984
Total Parking Spaces: 10
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,660 11,163 31,009
Median Age: 66.79 62.74 61.92
Households: 959 5,988 16,072
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