11800 Gulf BlvdTreasure Island, FL 33706

This exceptional investment opportunity presents a 34-unit motel situated directly on the Gulf in Treasure Island, Florida. The property, encompassing a 0.86-acre lot (55,500 sq ft), includes four buildings, each two stories high, totaling 19,888 square feet. Built in 1947, the motel is currently closed and being sold "as is," due to significant damage to the first-floor units sustained during Hurricane Helene. An additional 0.41-acre parking lot is located one block away, providing ample parking for guests. The property is zoned RFH and offers a unique chance for either extensive renovation or complete redevelopment in the highly sought-after Treasure Island community. The asking price for this beachfront property is $12,000,000. This represents a rare chance to acquire a substantial hospitality asset with significant potential for future growth and profitability. The corporation ownership structure offers a streamlined transaction process. The property's location on the Gulf of Mexico provides unparalleled views and access to the beach, making it an attractive destination for tourists and vacationers. The substantial lot size allows for various development options, including expansion or the addition of amenities. This is a compelling investment opportunity for those seeking a high-impact project in a desirable coastal location.