000000 Gulf BlvdSt. Petersburg, FL 33708

This exceptional 31-key hotel in North Redington Beach, Florida, presents a lucrative investment opportunity. Boasting 17,364 square feet on a 1.19-acre lot, this two-story, 1970-built property underwent extensive renovations in 2019. All 30 rentable units (plus a manager's unit) feature kitchenettes and are tastefully decorated, complete with 50" televisions. The hotel offers a range of amenities including a large heated outdoor pool with a tiki bar, a scenic courtyard, a barbecue deck with gas and charcoal grills, self-serve laundry, vending machines, and ample on-site parking. Recent improvements encompass the roof, electrical box, patio/deck, pool pump, and HVAC compressors. The property enjoys direct beach access, situated across the street from the pristine sands of Pinellas County. A significant advantage is the inclusion of additional vacant land behind the hotel, approved and zoned for multi-family development up to three stories and 8,500 square feet per floor (including ground-floor parking). The asking price is $7,500,000, representing a price per square foot of $431.93. This prime location and the potential for expansion make this a truly compelling investment. The property is commercially zoned.