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Anna Marie Motel 808 N Bay Blvd

9 Room Hotel Anna Maria, FL 34216 £3,787,200 (£420,800/Room)

Investment Highlights

  • Prime location and tourist destination
  • In need of restoration

Executive Summary

Here is your chance to own a piece of history at this prime Anna Maria Island Location. Since suffering damage, this motel has undergone remediation from the flooding of Hurrican Helen with a 5-foot drywall removal and is being sold As-Is. Consider this a blank slate to bring this successful motel back to life or use this location as an opportunity to develop a new boutique motel or possibly multiple single family vacation rental homes. This 9-unit motel is ideally located on the coveted north end of Anna Maria Island, offering a rare investment opportunity in one of Florida's most sought-after destinations. Currently consisting of 5 congruent lots this plot of land has many possibilities. Boasting consistent tourist traffic year-round, the property enjoys strong occupancy rates thanks to its prime location and appealing amenities. In recent years this motel has grossed up to 700K in a 12-month period! This property offers exceptional potential for savvy investors or developers seeking to capitalize on Anna Maria Island's popularity. With its prime location and flexibility for future use, this motel represents a fantastic opportunity to create a unique business or residential venture in one of Florida’s most desirable areas.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £3,787,200
Price Per Room £420,800
Sale Type Investment
Sale Conditions Distress Sale
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.55 AC
Building Size 5,630 SF
No. Rooms 9
Number of Floors 1
Year Built 1948
Parking Ratio 3.37/1,000 SF
Corridor Exterior

Amenities

  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wi-Fi
  • Smoke-Free
  • Hot Tub
  • Fully-Equipped Kitchen
  • Multi-Room Suites

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 2 £78.90 -
Guest Room 7 £63.12 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
68625-0005-2
Land Assessment
£1,051,955
Improvements Assessment
£375,786
Total Assessment
£1,427,740

zoning

Zoning Code R1
R1
  • Listing ID: 33842112

  • Date on Market: 12/11/2024

  • Last Updated:

  • Address: 808 N Bay Blvd, Anna Maria, FL 34216

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