8110 N Tamiami Trl

    Sarasota, FL 34243
    • $5,800,000
    • STATUS: Active
    • ON SITE: 33 days
    • MLS #: 220013171
    UPDATED: 32 min ago
    $5,800,000
    • 0
      BEDS
    • 1.76
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 88,638
      SQFT
    • $65
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1949
    County:

    School Ratings & Info

    Description

    Location, Location, Location. This Property is an Investment for the right Hospitality Guru. It is a Distressed Property with lots of Potential. It is walking distance to Universities and the International Airport and within miles of Florida Beaches. This Hotel/Motel property has 5 buildings and several units fully furnished. Its in the heart of Sarasota, minutes away from the Art District, the ever growing Universities and the International Sarasota/Bradenton Airport. It has a lot of undeveloped area and it is surrounded by new construction. Seller is looking for Developers with the ability to transform this property. Open to Construction ideas, such as Student Housing, Multi-Family Apartments, Assisted Living Facilities, or a Hotel with a bigger Footprint. Excellent Return on Investment and Cap Rate possibilities. Joint Ventures and Financing Available for the right candidate. We are reviewing several innovative real estate options. Join us in recreating and renovating the city of Sarasota.

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    © 2020 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Medway Realty. Data last updated 2020-04-02T16:22:14.073.
    www.movetosarasotafl.com/homes/103679839

    8110 N Tamiami Trl Sarasota, FL 34243

    • Price: $5,800,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 220013171
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.76
    Acres
    88,638
    SQFT
    $65
    $/SQFT
    1949
    Built
    Neighborhood:
    Oa01 - Out Of Area
    County:
    Sarasota
    Area:
    Oa01 - Out Of Area
    Property Description
    Location, Location, Location. This Property is an Investment for the right Hospitality Guru. It is a Distressed Property with lots of Potential. It is walking distance to Universities and the International Airport and within miles of Florida Beaches. This Hotel/Motel property has 5 buildings and several units fully furnished. Its in the heart of Sarasota, minutes away from the Art District, the ever growing Universities and the International Sarasota/Bradenton Airport. It has a lot of undeveloped area and it is surrounded by new construction. Seller is looking for Developers with the ability to transform this property. Open to Construction ideas, such as Student Housing, Multi-Family Apartments, Assisted Living Facilities, or a Hotel with a bigger Footprint. Excellent Return on Investment and Cap Rate possibilities. Joint Ventures and Financing Available for the right candidate. We are reviewing several innovative real estate options. Join us in recreating and renovating the city of Sarasota.
    Exterior Features

    Canal Width None Fenced Yard YN No Gulf Access YN No Lease Rail YN Yes Lot Frontage 172 Number Of Bays 1 Waterfront Desc None Waterfront YN No

    Interior Features

    Cooling YN Yes Heating YN Yes Lease Number Of Elevators 0 Total Building Sq Ft 22247 Total Floors 2

    Property Features

    Commercial Property Type Lodging And Hospitality: Economy/Limited Service Commercial Type Business W/Property Confidentiality Agreement Reqd YN No Foreclosed Reo YN No Maximum Subject Property Sq Ft 88638 Minimum Subject Property Sq Ft 6026 MLS Florida Gulf Coast Potential Short Sale YN No Property Use Type Investment Sale Includes Building And LandBusinessEquipmentFixturesFurnitureInventory Source Of Measure Lot Size Property Appraiser Office Status Type Resale Property Tax Year 2019 Taxes 22205.00 Transaction Type Sale Utilities Available ElectricGasPhone Line Zoning Code X

    Listing courtesy of Krystal Edwards of Century 21 Selling Paradise.


    © 2020 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Medway Realty. Data last updated 2020-04-02T16:22:14.073.
     
    Medway Realty
    4121 S Tamiami Trail
    Venice FL, 34293