653 Mandalay Ave Clearwater, FL 33767

This exceptional investment opportunity presents a 22-unit motel ideally situated on Clearwater Beach, Florida. Boasting a prime location on a main thoroughfare, this established property offers immediate income potential. The motel comprises two, two-story buildings totaling 11,056 square feet on a 0.36-acre lot. Built in 1948 and renovated in 1992, the property includes a swimming pool and ample parking, both on and off-street. The motel enjoys convenient beach access directly across the street, a significant draw for tourists. Zoned for hotel use, this property presents a strong return on investment. While the first floor sustained some hurricane damage, the overall structure remains sound and presents a compelling opportunity for a savvy investor. The asking price is $7,000,000, translating to $633.14 per square foot. The property's long history as a family-owned and operated business speaks to its enduring appeal and consistent performance. This is a rare chance to acquire a well-established motel in a highly desirable beach location. The property's high visibility and convenient amenities make it an attractive option for both owner-users and investors seeking a strong return. The Pinellas County location and proximity to the beach ensure consistent occupancy rates.