601 Corey Avenue
ST PETE BEACH, FL 33706

$1,199,000

Description

This is a 9 unit motel/hotel complex with (2) efficiency units and (7) 1B/1B. 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 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#U8039992
Sub-TypeResale
StatusActive
Year1949
Days On Site87

Features

SQ Feet5,306
Units9
Building(s)4

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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:
$1,199,000
low | high
Med:
$450,000
100% of Average
SqFt:
5,306
low | high
Med:
756
100% of Average
$ / SqFt:
$226
low | high
Med:
$595
100% of Average
On Site:
87
low | high
Med:
58
100% of Average
Listing Updated: 06/24/2019
MLS Number: U8039992
Listing Provided By:
Mark Baserap  of  KELLER WILLIAMS GULF BEACHES

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