St Pete Beach, FL 33706,600 68TH AVE
St Pete Beach, FL 33706,600 68TH AVE
St Pete Beach, FL 33706,600 68TH AVE
St Pete Beach, FL 33706,600 68TH AVE
St Pete Beach, FL 33706,600 68TH AVE
St Pete Beach, FL 33706,600 68TH AVE
See all 49 photos

$1,620,000

$1,899,000

14.7%
Est.Price: ?

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Est. payment /mo

5,564 SqFt


SOLD DATE : 07/14/2020

Key Details

Sold Price $1,620,000

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Sold

Purchase Type For Sale

Square Footage 5,564 sqft

Price per Sqft $291

Subdivision St Petersburg Beach 1St Add

MLS Listing ID U8076340

Sold Date 07/14/20

HOA Y/N No

Year Built 1949

Annual Tax Amount $14,658

Lot Size 0.370 Acres

Acres 0.37

Property Description

A RARE AND EXCELLENT INVESTMENT OPPORTUNITY. Gulf Tides Inn is a Top Rated (5 star), Family-owned and operated 11 Unit Inn, located in popular St. Pete Beach 1 block from the beautiful Gulf of Mexico and legendary sunsets. Seven Beautiful apartment-sized 1 bedroom suites and four wonderful efficiencies. Renovated bathrooms in all units. New roofs on all of the buildings. Newer mini/split AC units in all units. Very high occupancy rate and massive opportunity to increase revenue via more aggressive marketing and pricing strategies. Faithful and profitable repeat clientele. Many regulars have been coming to the hotel for over a decade. A pristine facility.

Wonderful amenities, a large heated pool, free wireless Internet, BBQ grill, laundry facilities, free in room safes, hairdryers, complimentary toiletries welcome set, and more.

St. Pete Beach is a busy and growing seasonal rental market. This opportunity won't last long.

Location

State FL

County Pinellas

Community St Petersburg Beach 1St Add

Interior

Heating Heat Pump, Wall Units / Window Unit

Cooling Mini-Split Unit(s)

Flooring Ceramic Tile

Exterior

Community Features Beach Area

View Y/N 1

Building

Story 1

Entry Level One

Foundation Slab

Lot Size Range 1/4 Acre to 21779 Sq. Ft.

Structure Type Block

New Construction false

Others

Ownership Sole Proprietor

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition None

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Carlene Montague-James

Carlene Montague-James

+1(863) 398-8252

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Stellar MLS
Listed by VIEWPOINT REALTY INT'L INC
Bought with MURPHY REALTY
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