Memorial Hwy Tampa, FL 33635
- Hospitality properties
- 6,144 SF
- 1.33 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 0 Memorial Hwy
- Lot size
- 1.33 lot acres
- Property size
- 6,144 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional 6,144 sq ft, two-story resort in Tampa, Florida, presents a lucrative investment opportunity. Boasting a 98% occupancy rate and a 9.60% cap rate, this established business generates a net operating income (NOI) of $190,000. The property, situated on 1.33 acres, features 18 beds and comfortably accommodates over 30 guests. Completely renovated in 2021, the resort includes a commercial-grade kitchen, luxurious furnishings, and a resort-style backyard oasis with a heated pool, cabanas, and grilling pavilion. The property is zoned PD and benefits from a prime location in Hillsborough County, close to Tampa International Airport, beaches, and downtown attractions. This stabilized investment, operating successfully for four years, offers a proven track record of consistent income, supported by available tax returns. The asking price is $1,750,000 ($284.83/sq ft), and owner financing is available. This turnkey operation is ideal for a 1031 exchange and presents significant potential for increased revenue through expanded marketing and rental strategies. The property's exceptional features, high demand location, and strong financial performance make it a truly unique investment opportunity. The property is offered fee simple.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.6096
- Latitude
- 28.0181
