149 Mckinley DrSarasota, FL 34236

Property Details for 149 Mckinley Dr

Year built

2022

Property size (Sq ft)

4,149 SF

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

This exceptional 2022-built Lido Beach hotel presents a lucrative investment opportunity. Boasting 4,149 square feet, this fee-simple property features nine bedrooms (six ensuite), eight and a half bathrooms, and a desirable location near St. Armands Circle. The property includes resort-style amenities such as a pool, outdoor shower, gazebo, gas fire pit, and a rooftop terrace with panoramic views. Currently operating as a turnkey short-term rental, it offers a projected 9.02% cap rate and a net operating income (NOI) exceeding $495,615. The two-story building sits on an 8,608 square foot lot, zoned RMF2. Interior features include modern furnishings, an open layout with high ceilings and floor-to-ceiling windows, a lavish owner's suite, and ample space for relaxation and entertainment. Additional amenities include a two-car garage, balconies, and an entertainment room. This property offers a unique blend of luxury and income potential, making it an ideal investment in the thriving Sarasota market. The asking price is $5,495,000, with a price per square foot of $1,324.42. The property's address is 149 McKinley Dr, Sarasota, FL 34236.

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3095

Longitude

-82.5721

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