Island Breeze Inn 340 Tamiami Trl S 21 Room Hotel Venice, FL 34285 $3,827,040 CAD ($182,240 CAD/Room) 11.79% Cap Rate

Island Breeze Inn is a 21-unit, value-add hospitality property located along the high-traffic Tamiami Trail corridor in Venice, Florida just minutes from Venice beach.? The property consists of three single-story buildings on a well-maintained lot, offering investors a turnkey income-producing asset with strong in-place revenue and significant upside potential through operational improvements, revenue optimization, and a compelling short-term rental conversion opportunity.?
Renovated in 2022/2025, the property features new TPO roofing across all three buildings and updated flooring throughout most units — substantially reducing near-term capital expenditure and deferred maintenance risk.? The diverse unit mix includes 7 king rooms, 7 two-bed units, 4 queen beds with sofa sleepers, 2 one-bedroom efficiency rooms, and a manager suite.? On-site amenities include a swimming pool and guest laundry facility.?
Venice, Florida is a proven coastal leisure market drawing year-round visitors to its Gulf Coast beaches, world-famous shark tooth shoreline, and proximity to Sarasota's cultural corridor.? For the right buyer, Island Breeze Inn represents a rare opportunity to acquire a cash-flowing hospitality property and reposition it as a high-yield daily rental portfolio on Airbnb, Vrbo, and Booking.?com.? Short-term rental rates in this market typically run 2 to 3 times higher than traditional extended-stay models — with the pool, diversified unit mix, and manager suite already in place to support a full STR operation from day one.?