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Sea Jay Motel 11240 1st St 19 Room Hotel Treasure Island, FL 33706 $5,345,219 CAD ($281,327 CAD/Room) 7.27% Cap Rate



Executive Summary
The Sea Jay Motel is a turnkey, income-producing waterfront hospitality asset in a high-barrier coastal market — ideal for an owner-operator or investor seeking stabilized cash flow with clear upside through revenue optimization and continued boutique positioning.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $5,345,219 CAD | Lot Size | 0.49 AC |
| Price Per Room | $281,327 CAD | Building Size | 9,568 SF |
| Sale Type | Investment | No. Rooms | 19 |
| Cap Rate | 7.27% | 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 | $5,345,219 CAD |
| Price Per Room | $281,327 CAD |
| Sale Type | Investment |
| Cap Rate | 7.27% |
| 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 | $266.20 CAD | - |
| Guest Room | 15 | $195.78 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 | $957,609 CAD |
| Land Assessment | $2,933,915 CAD | Total Assessment | $3,891,525 CAD |
Property Taxes
Parcel Number
23-31-15-43470-006-0010
Land Assessment
$2,933,915 CAD
Improvements Assessment
$957,609 CAD
Total Assessment
$3,891,525 CAD
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Sea Jay Motel | 11240 1st St
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