550 Corey Avenue
ST PETE BEACH, FL 33706

$1,799,000

Description

This is a 14 unit motel/hotel complex with 7 large and 4 small efficiency units, one 1B/1Band two 2B/2B units surrounding a large, refreshing pool. The property is located within the quaint Corey Avenue District of the upscale St Pete Beach area. The beaches are just a short distance from the property, you can smell the ocean breeze coming in from the end of the street. Renters will enjoy the trendy restaurants and other local establishments. The Marina is also close by for boat lovers. The current owner has established relationships with local service industry professionals that rent long term which has kept vacancy rates very low. The current owner/manager will provide current financials and has offered to either train the new owner or stay on to manage the property. Please visit the St. Pete Beach web link on this listing to see the Corey Avenue District Plan for a more vibrant downtown community. Also see Pass-a-Grille Reconstruction project and other current city projects.

Details

MLS#U8039543
Sub-TypeResale
StatusActive
Year1951
Days On Site112

Features

SQ Feet5,584
Units14
Building(s)2

Loading Form

Loading Form

Area Information

StateFL
CountyPinellas
CityST PETE BEACH
Zip Code33706
Area33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Listing VS Median (in 33706)
Price:
$1,799,000
low | high
Med:
$449,900
100% of Average
SqFt:
5,584
low | high
Med:
1,545
100% of Average
$ / SqFt:
$322
low | high
Med:
$291
59.613877540741% of Average
On Site:
112
low | high
Med:
69
100% of Average
Listing Updated: 07/19/2019
MLS Number: U8039543
Listing Provided By:
Mark Baserap  of  KELLER WILLIAMS GULF BEACHES

MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the MLS.