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Waterfront Isle of Capri Apartments

275 116TH Ave, Treasure Island, FL 33706

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For Sale

$2,900,000

Apartment complex in Treasure Island with intracoastal waterway views.

Type:Commercial

HighLights

Waterfront property: All ten units face the intracoastal waterway with 200 feet of water frontage.
Desirable location in the Isle of Capri community in Treasure Island, near Gulf beaches.
Features a combination of (8) 2‑bedroom, 2‑bathroom and (2) 1‑bedroom, 1‑bathroom apartments.
New windows and seawall.
Redevelopment potential: Possible condo conversion or redevelopment site.
Value‑add opportunity: Option to renovate and upgrade existing units to increase cash flow.

We can help!

Listing Contact

Patrick Calhoon

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For Sale

$2,900,000

Apartment complex in Treasure Island with intracoastal waterway views.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 5:48 pm

Property Features for 275 116TH Ave

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1968

We can help!

Listing Contact

Patrick Calhoon

Listing agent Patrick Calhoon License #259869

Listing office Smith & Associates Real Estate

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Smith & Associates Real Estate

HighLights

Waterfront property: All ten units face the intracoastal waterway with 200 feet of water frontage.
Desirable location in the Isle of Capri community in Treasure Island, near Gulf beaches.
Features a combination of (8) 2‑bedroom, 2‑bathroom and (2) 1‑bedroom, 1‑bathroom apartments.
New windows and seawall.
Redevelopment potential: Possible condo conversion or redevelopment site.
Value‑add opportunity: Option to renovate and upgrade existing units to increase cash flow.

Overview

Located in the Isle of Capri community in Treasure Island, this apartment complex is positioned a short distance from the Gulf beaches. All ten units face the intracoastal waterways, offering a wide view of the 200 feet of water frontage. The complex comprises eight 2-bedroom, 2-bathroom apartments and two 1-bedroom, 1-bathroom apartments. The property features new windows and a seawall. Potential uses include condo conversion, redevelopment, or renovation and upgrade of existing units to increase cash flow. The bike score is 26, indicating it is somewhat bikeable, and the walk score is 14, indicating car dependence.

Location Intelligence

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Local Demand

City: Treasure Island
County: Pinellas
State: Florida
Longitude: -82.7716283
Latitude: 27.7770794

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What type of property is this?

Apartment building - Apartment complex in Treasure Island with intracoastal waterway views.

Where is this apartment building located?

The property is located at 275 116TH Ave Treasure Island, FL.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: Waterfront property: All ten units face the intracoastal waterway with 200 feet of water frontage.; Desirable location in the Isle of Capri community in Treasure Island, near Gulf beaches.; Features a combination of (8) 2‑bedroom, 2‑bathroom and (2) 1‑bedroom, 1‑bathroom apartments.