MLS® ID: U8039543
550 COREY AVENUE
ST PETE BEACH, Florida, 33706 $1,799,000
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.