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    5340 N Tamiami Trail

    Sarasota, FL 34234
    • $4,200,000
    • STATUS: Active
    • ON SITE: 20 days
    • MLS #: 220017951
    $4,200,000
    • 0
      BEDS
    • 1.97
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1973
    County:

    School Ratings & Info

    Description

    Location, Location, Location. This Property is an Investment for the right Hotel Investor. It is a Distressed Property with lots of room to expand. It is walking distance to Universities and the International Airport and within miles of Florida Beaches. This Hotel/Motel property has 48 units and 1 Managerial Quarters; which is the size of a 2 Bedroom apartment. Its in the heart of Sarasota, minutes away from the Art District, the ever growing Universities, Muscle Car Museum, University Mall, and the International Sarasota/Bradenton Airport. It has a lot of undeveloped area and it is surrounded by new construction. Seller is looking for Developers with the ability to transform this property. Open to Construction ideas, such as Student Housing, Multi-Family Apartments, Assisted Living Facilities, or a Hotel with a bigger Footprint. Excellent Return on Investment and Cap Rate possibilities. Joint Ventures and Financing Available for the right candidate. We are reviewing several innovative real estate options. Join us in recreating and renovating the city of Sarasota.

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    © 2020 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Clausen Properties, Inc.. Data last updated 2020-06-06T13:23:02.667.
    www.clausenproperties.com/homes/105958310

    5340 N Tamiami Trail Sarasota, FL 34234

    • Price: $4,200,000
    • Status: Active
    • MLS #: 220017951
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.97
    Acres
    1973
    Built
    Neighborhood:
    Oa01 - Out Of Area
    County:
    Sarasota
    Area:
    Oa01 - Out Of Area
    Property Description
    Location, Location, Location. This Property is an Investment for the right Hotel Investor. It is a Distressed Property with lots of room to expand. It is walking distance to Universities and the International Airport and within miles of Florida Beaches. This Hotel/Motel property has 48 units and 1 Managerial Quarters; which is the size of a 2 Bedroom apartment. Its in the heart of Sarasota, minutes away from the Art District, the ever growing Universities, Muscle Car Museum, University Mall, and the International Sarasota/Bradenton Airport. It has a lot of undeveloped area and it is surrounded by new construction. Seller is looking for Developers with the ability to transform this property. Open to Construction ideas, such as Student Housing, Multi-Family Apartments, Assisted Living Facilities, or a Hotel with a bigger Footprint. Excellent Return on Investment and Cap Rate possibilities. Joint Ventures and Financing Available for the right candidate. We are reviewing several innovative real estate options. Join us in recreating and renovating the city of Sarasota.
    Exterior Features

    Covered Spaces 0 Fencing Yard Fenced Waterfront Features None Waterfront YN No

    Property Features

    Association Fee 0 Association Fee2 0 Business Type Hospitality Land Lease Amount 0 Lease Considered YN No Potential Short Sale YN N Property Sub Type Hotel/Motel Restrictions Tax Annual Amount 24887 Tax Year 2019 Utilities Electricity AvailableNatural Gas AvailableSewer AvailableWater Available Zoning Description Nt

    Listing courtesy of Krystal Edwards of Century 21 Selling Paradise.


    © 2020 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Clausen Properties, Inc.. Data last updated 2020-06-06T13:23:02.667.
     
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