Description
10 unit Profitable Motel. Comes with a Very Big Owners Suite AND 2 LARGE residential LOTS in the back that can be Zoned for Commercial as well with a written up plan to the city. Motel and LOTS are in a very busy Street and desirable location in North St Pete. Motel has been family owned and operated and very profitable for a very long time. Seller is finally ready to retire. Opens up a Great opportunity for a new Owner Operator or Great location for New redevelopment opportunity!! Highest & best use for this property would be demolition of existing older motel and redevelopment of the 4 lots located on a busy St. Petersburg thoroughfare, 4th St. N!! A multitude of new developments in this highly desired, popular area is happening and this is a prime property for that purpose! The two front lots where motel sits are zoned commercial, apprx. 12,446 sq.ft /.29 ac., & has 98' road frontage on 4th St. N. The two back lots, apprx. 11,024 sq.ft/.25 ac., are cleared, vacant, & front 3rd St. N. These two back lots are presently zoned residential but can be easily rezoned to commercial once a buyer submits a future land use plan change for rezoning to City of St. Petersburg. This will make this an entire commercial zoned parcel, totaling apprx. 23,470 sq.ft /.54 ac., ready for future development. Site location is close to Interstate travel, Tampa & Clearwater airports, coastal area beaches, & downtown St. Petersburg's waterfront & newer urban development areas.
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0BEDS
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0.54ACRES
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01/2 BATHS
School Ratings & Info
Description
10 unit Profitable Motel. Comes with a Very Big Owners Suite AND 2 LARGE residential LOTS in the back that can be Zoned for Commercial as well with a written up plan to the city. Motel and LOTS are in a very busy Street and desirable location in North St Pete. Motel has been family owned and operated and very profitable for a very long time. Seller is finally ready to retire. Opens up a Great opportunity for a new Owner Operator or Great location for New redevelopment opportunity!! Highest & best use for this property would be demolition of existing older motel and redevelopment of the 4 lots located on a busy St. Petersburg thoroughfare, 4th St. N!! A multitude of new developments in this highly desired, popular area is happening and this is a prime property for that purpose! The two front lots where motel sits are zoned commercial, apprx. 12,446 sq.ft /.29 ac., & has 98' road frontage on 4th St. N. The two back lots, apprx. 11,024 sq.ft/.25 ac., are cleared, vacant, & front 3rd St. N. These two back lots are presently zoned residential but can be easily rezoned to commercial once a buyer submits a future land use plan change for rezoning to City of St. Petersburg. This will make this an entire commercial zoned parcel, totaling apprx. 23,470 sq.ft /.54 ac., ready for future development. Site location is close to Interstate travel, Tampa & Clearwater airports, coastal area beaches, & downtown St. Petersburg's waterfront & newer urban development areas.
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