Sands Of Treasure Island | 11800 Gulf Blvd
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Sands Of Treasure Island 11800 Gulf Blvd
32 Room Hotel Treasure Island, FL 33706 £9,468,000 (£295,875/Room)
Investment Highlights
- Treasure Island has recently begun to allow food and beverage operations in the gulf front motels, allowing a large income boost once in place
Executive Summary
A rare opportunity to purchase a direct gulf-front motel. The Sands of Treasure Island features 34 units on a .86-acre lot. In addition, there is a .41-acre ancillary parking lot one block away. The first-floor units were heavily damaged during Hurricane Helene, and the property is closed and being sold "as is". This is a great opportunity for either redevelopment or renovation in the highly desirable Treasure Island community.
Property Facts
| Price | £9,468,000 | Lot Size | 0.87 AC |
| Price Per Room | £295,875 | Building Size | 22,598 SF |
| Sale Type | Investment | No. Rooms | 32 |
| Sale Conditions | Development Sale | Number of Floors | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1940/2016 |
| Property Subtype | Hotel | Parking Ratio | 0.97/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | £9,468,000 |
| Price Per Room | £295,875 |
| Sale Type | Investment |
| Sale Conditions | Development Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.87 AC |
| Building Size | 22,598 SF |
| No. Rooms | 32 |
| Number of Floors | 2 |
| Year Built/Renovated | 1940/2016 |
| Parking Ratio | 0.97/1,000 SF |
| Corridor | Exterior |
Amenities
- Balcony
- Fitness Centre
- Pool
- High Speed Internet Access
- Patio
- Beach (direct access)
- Public Access Wi-Fi
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 32 | £72.59 | - |
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PROPERTY TAXES
| Parcel Number | 23-31-15-91728-000-0020 | Improvements Assessment | £585,159 |
| Land Assessment | £3,819,147 | Total Assessment | £4,404,306 |
PROPERTY TAXES
Parcel Number
23-31-15-91728-000-0020
Land Assessment
£3,819,147
Improvements Assessment
£585,159
Total Assessment
£4,404,306
zoning
| Zoning Code | MX-H |
| MX-H |
-
Patrick Calhoon -
Chris Calhoon -
Smith & Associates Real Estate
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Sands Of Treasure Island | 11800 Gulf Blvd
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