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Shaw's Motel 1509 E Hillsborough Ave 21 Room Hotel Tampa, FL 33610 $7,066,800 CAD ($336,514 CAD/Room)

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Investment Highlights

Great opportunity for ALF or redevelopment.

Executive Summary

This is one of a few built out locations which has Commercial Intensive ( CI) zoning.
Sits between the casino and Seminole Heights- this owner is not looking for CAP rate buyer, more for a redevelopment of this location given CI zoning is being slowly phased out of Hillsborough County. Plenty of room for apartments/ assisted living/ car wash/ open storage,
Has ability to bring 3 phase power here

Property Facts

Price	$7,066,800 CAD	Building Size	10,692 SF
Price Per Room	$336,514 CAD	No. Rooms	21
Sale Type	Investment	No. Stories	1
Sale Conditions	Ground Lease (Leased Fee) Build to Suit Lease Option Redevelopment Project	Year Built	1952
Property Type	Hospitality	Tenancy	Single
Property Subtype	Hotel	Parking Ratio	1.87/1,000 SF
Building Class	C	Corridor	Exterior
Lot Size	1.01 AC
Zoning	CI - Commercial Intensive

Price	$7,066,800 CAD
Price Per Room	$336,514 CAD
Sale Type	Investment
Sale Conditions	Ground Lease (Leased Fee) Build to Suit Lease Option Redevelopment Project
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	1.01 AC
Building Size	10,692 SF
No. Rooms	21
No. Stories	1
Year Built	1952
Tenancy	Single
Parking Ratio	1.87/1,000 SF
Corridor	Exterior
Zoning	CI - Commercial Intensive