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Royal Canadian Motel 653 Mandalay Ave 22 Room Hotel Clearwater Beach, FL 33767 $11,028,000 CAD ($501,273 CAD/Room)
INVESTMENT HIGHLIGHTS
- Main throughfare
- Across the street from beach access
EXECUTIVE SUMMARY
This property is located on the beautiful Clearwater Beach with access to the beach across the street. This is being sold as a development site. Family-owned and operated for over 40 years. Based on comparable properties the income could be substantial. Main thoroughfare. This is a 22-unit motel with a pool. There are two, 2-story buildings on 1/3 of an acre. 1st floor was affected by hurricane. and is currently being renovated.
PROPERTY FACTS
| Price | $11,028,000 CAD | Building Size | 11,056 SF |
| Price Per Room | $501,273 CAD | No. Rooms | 22 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1948/1992 |
| Property Subtype | Hotel | Parking Ratio | 1.27/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.36 AC | ||
| Zoning | c2 - Hotel/Motel | ||
| Price | $11,028,000 CAD |
| Price Per Room | $501,273 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 11,056 SF |
| No. Rooms | 22 |
| No. Stories | 2 |
| Year Built/Renovated | 1948/1992 |
| Parking Ratio | 1.27/1,000 SF |
| Corridor | Exterior |
| Zoning | c2 - Hotel/Motel |
AMENITIES
- Balcony
- Pool
- High Speed Internet Access
- Patio
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 1 | $170.93 CAD | - |
| Guest Room | 21 | $102.01 CAD | - |
PROPERTY TAXES
| Parcel Number | 05-29-15-54747-084-0060 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,646,839 CAD |
PROPERTY TAXES
Parcel Number
05-29-15-54747-084-0060
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,646,839 CAD
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Royal Canadian Motel | 653 Mandalay Ave
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