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$ 4,800,000
Est. payment | /mo
4,673 SqFt
$ 4,800,000
Est. payment | /mo
4,673 SqFt
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Pending
Purchase Type For Sale
Square Footage 4,673 sqft
Price per Sqft $1,027
Subdivision Wells
MLS Listing ID A4628652
HOA Y/N No
Originating Board Stellar MLS
Year Built 1949
Annual Tax Amount $31,791
Lot Size 0.520 Acres
Acres 0.52
Lot Dimensions 192x100
Property Description
Under contract-accepting backup offers. 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.
Location
State FL
County Manatee
Community Wells
Zoning R1
Interior
Cooling Central Air
Building
Foundation Slab
Lot Size Range 1/2 to less than 1
Structure Type Block
New Construction false
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by MARCUS & COMPANY REALTY
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