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Sea Jay Motel 11240 1st St 19 Room Hotel Treasure Island, FL 33706 $5,241,654 CAD ($275,877 CAD/Room) 13.70% Cap Rate
Investment Highlights
- 3 lots, almost half an acre of land across from Treasure Island Beach
- Owner Financing Available
- Can be operated as a Motel or Multifamily/Apartments
- 19 Units with 29 on-site parking spaces - unusual large amount for beach property
- 2 Boat Slips and one Boat Lift - more could be added
Executive Summary
The Sea Jay Motel, prominently located at 11240 1st St, Treasure Island, Florida, is a prime investment opportunity that blends the
timeless allure of Art Deco design with the vibrant lifestyle of Florida’s Gulf Coast. Situated just one and a half blocks from a
picturesque beach and a marina with docking facilities, the motel is an ideal haven for guests seeking to immerse themselves in the
coastal charm and myriad activities the area has to offer. With a strong 8% capitalization rate based on pro forma income, this
investment stands out for those seeking substantial returns in the hospitality and real estate sectors within the dynamic Florida
economy.
timeless allure of Art Deco design with the vibrant lifestyle of Florida’s Gulf Coast. Situated just one and a half blocks from a
picturesque beach and a marina with docking facilities, the motel is an ideal haven for guests seeking to immerse themselves in the
coastal charm and myriad activities the area has to offer. With a strong 8% capitalization rate based on pro forma income, this
investment stands out for those seeking substantial returns in the hospitality and real estate sectors within the dynamic Florida
economy.
Property Facts
| Price | $5,241,654 CAD | Lot Size | 0.49 AC |
| Price Per Room | $275,877 CAD | Building Size | 9,568 SF |
| Sale Type | Investment | No. Rooms | 19 |
| Cap Rate | 13.70% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1958/2022 |
| Property Subtype | Hotel | Parking Ratio | 3.03/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | RM15 - Treasure Island | ||
| Price | $5,241,654 CAD |
| Price Per Room | $275,877 CAD |
| Sale Type | Investment |
| Cap Rate | 13.70% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 9,568 SF |
| No. Rooms | 19 |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2022 |
| Parking Ratio | 3.03/1,000 SF |
| Corridor | Exterior |
| Zoning | RM15 - Treasure Island |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $261.05 CAD | - |
| Guest Room | 15 | $191.99 CAD | - |
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 23-31-15-43470-006-0010 | Improvements Assessment | $934,669 CAD |
| Land Assessment | $2,863,631 CAD | Total Assessment | $3,798,300 CAD |
Property Taxes
Parcel Number
23-31-15-43470-006-0010
Land Assessment
$2,863,631 CAD
Improvements Assessment
$934,669 CAD
Total Assessment
$3,798,300 CAD
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Sea Jay Motel | 11240 1st St
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