5340 N Tamiami Trail,
SARASOTA FL, 34234
Description
Location, Location, Location. This Property is an Investment for the right Hotel Investor. It is a Distressed Property with lots of room to expand. It is walking distance to Universities and the International Airport and within miles of Florida Beaches. This Hotel/Motel property has 48 units and 1 Managerial Quarters; which is the size of a 2 Bedroom apartment. Its in the heart of Sarasota, minutes away from the Art District, the ever growing Universities, Muscle Car Museum, University Mall, 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.
Details
| MLS# | 220017951 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1973 |
| Days On Site | 358 |
Features
| SQ Feet | 21,875 |
|---|---|
| Acreage | 1.97 |
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Learn More About This Property
| Area Information | |
|---|---|
| State | FL |
| County | Sarasota |
| City | SARASOTA |
| Zip Code | 34234 |
| Area | OA01 - Out of Area |
| Listing VS Median (in 34234) | |
Price: $4,000,000 low | high Med: $4,000,000 SqFt: 21,875 low | high Med: 21,875 $ / SqFt: $183 low | high Med: $183 On Site: 358 low | high Med: 358 | |
MLS Number: 220017951Listing Provided By:
Krystal Edwards of Century 21 Selling Paradise