For Sale
$1,750,000
Memorial Hwy Tampa, FL 33635
Luxury resort, high occupancy, strong ROI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- Located in the highly desirable Westchase neighborhood of Tampa, with an average household income of $134,923. Close proximity to Tampa International Airport (15 mins), Downtown Tampa (20 mins), Clearwater Beach (35 mins), Sarasota (1 hour), and Orlando theme parks (1.5 hours). Water access to Tampa Bay via boat or canoe.
- Accommodates 30+ people with over 18 beds. Features a large in-ground pool and resort-style backyard. Fully furnished and equipped for entertaining.
- Over $500,000 in capital improvements within the last four years, resulting in a virtually maintenance-free property. Essentially an automated cash-generating machine.
- High demand for wedding and group retreat hosting potential, adding 20% to income. Opportunity to increase revenue by shortening minimum rental stays and expanding marketing efforts.
- Experienced property manager residing nearby, maintaining a 250+ 5-star review average. Ideal for an out-of-state owner seeking a hands-off investment. Four years of stable income history available upon request. Appraised for over $2 million.
- Rare investment opportunity with low operating costs and exceptional management. Suitable for 1031 exchange investors. Underpriced for a quick sale.
Property Details for 0 Memorial Hwy
- Property type
- Hospitality properties, Motels
- Square Feet
- 6,144 SF
- Year Renovated
- 2021
- Buildings
- 1
- Stories
- 2
- Lot Size (sq. ft)
- 57,935 SF
Location Insight
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Latitude
- 28.018146
- Longitude
- -82.6096323
Nearby Similar for Sale
FAQs
- What type of property is this?
- Hospitality property - Luxury resort, high occupancy, strong ROI.
- Where is the hospitality property located?
- The property is located at Memorial Hwy Tampa, FL.
- What is the asking price?
- The asking price for this property is $1,750,000.
- What are key features of this property?
- This property features: Located in the highly desirable Westchase neighborhood of Tampa, with an average household income of $134,923. Close proximity to Tampa International Airport (15 mins), Downtown Tampa (20 mins), Clearwater Beach (35 mins), Sarasota (1 hour), and Orlando theme parks (1.5 hours). Water access to Tampa Bay via boat or canoe.; Accommodates 30+ people with over 18 beds. Features a large in-ground pool and resort-style backyard. Fully furnished and equipped for entertaining.; Over $500,000 in capital improvements within the last four years, resulting in a virtually maintenance-free property. Essentially an automated cash-generating machine.
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