27988 Us Highway 19Clearwater, FL 33761

Property Details for 27988 Us Highway 19

Year built

1979

Construction

CONCRETE BLOCKS

Lot size

1.81 AC

Property size (Sq ft)

29,803 SF

Property type

Hotels

Property subtype

Motels

APN

30-28-16-07254-000-0100

APU

302816072540000100

Description

This exceptional 73-unit hotel presents a compelling investment opportunity in Clearwater, Florida. Situated on the highly visible US Highway 19, this two-story, exterior corridor property benefits from a prime location less than 15 miles from Tampa International Airport and Clearwater Beach. The strategic positioning ensures maximum visibility and accessibility, attracting a consistent flow of guests. Its proximity to popular attractions such as Clearwater Beach, the Florida Aquarium, and Tampa Bay Downs contributes to a high occupancy potential. The hotel's location also offers convenient access to major transportation hubs, including Amtrak and Greyhound. Furthermore, the property is within a reasonable distance of other significant attractions, such as Busch Gardens and Lowry Park Zoo, enhancing its appeal to a diverse range of travelers. This established hotel offers a unique blend of convenience, visibility, and access to a thriving tourism market, making it an ideal investment for those seeking a strong return in the hospitality sector. The property is located in Pinellas County, Florida, with the address being 27988 US Hwy 19 N, Clearwater, FL 33761. Please note that direct visits to the property are discouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $7,020,590

  6.5%

  $6,480,544

  7%

  $6,017,648

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,723,686

  Geo Method

  $7,723,686

• Alternative Use

  Use

  Valuation

  Residential

  $7,074,872

  Hospitality

  $6,480,544

  Educational

  $5,391,736

  Medical

  $5,577,167

  Retail

  $8,387,146

Location Insight

City

Clearwater

County

Pinellas

State

Florida

Latitude

28.0266

Longitude

-82.7394

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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