El Patio Motel 6733 4th St N 10 Room Hotel Saint Petersburg, FL 33702 $2,260,021 CAD ($226,002 CAD/Room) 10.69% Cap Rate

David Loving of Matthews Real Estate Investment Services is pleased to present the exclusive listing opportunity for the El Patio Motel, located along the highly trafficked 4th Street corridor in St. Petersburg, Florida. Situated at 6733 4th St N, this 9-room property with a 2-bedroom owner’s/manager’s quarters offers investors strong visibility and access in one of the most dynamic and growing submarkets in the Tampa Bay region.
The motel features 12 parking spaces and a dedicated on-site manager’s unit, allowing for efficient owner-operator or third-party management. The property has benefited from recent upgrades, including a new roof, a full exterior and interior repaint, and updated electrical paneling in the guestrooms. An adjacent vacant lot at the rear of the property brings the total lot size to 0.55 acres, offering additional development opportunities.
The St. Petersburg hotel submarket has experienced strong recent performance, with 12-month RevPAR growing 6.1% through July 2025, driven primarily by a 7.2% occupancy increase. While growth is expected to moderate in the near term, St. Petersburg consistently ranks among the top-performing submarkets in Tampa Bay, supported by tourism, arts and culture, corporate demand, and year-round recreational activity.
El Patio Motel offers investors in-place cash flow, operational upside through improved management, and long-term value appreciation in one of Florida’s premier coastal markets.
Tourism & Accessibility
World-Class Beaches – St. Pete Beach, Treasure Island, and Clearwater Beach, ranked among the top beaches in the U.S.
Downtown St. Petersburg – A vibrant hub for dining, nightlife, and cultural attractions, including the Salvador Dalí Museum, Chihuly Collection, and Museum of Fine Arts.
Sports & Events – Tropicana Field (home of the Tampa Bay Rays) and annual festivals drive significant visitation and group demand.
Corporate & Institutional Demand – Supported by major employers such as Raymond James Financial, Johns Hopkins All Children’s Hospital, Publix, and Jabil.
Accessibility – Located along 4th Street N with over 45,000 vehicles per day, providing direct connections to Downtown St. Petersburg, I-275, Tampa International Airport (20 minutes), and St. Pete–Clearwater International Airport (15 minutes).
Growing Regional Market – The Tampa–St. Petersburg–Clearwater MSA is one of the fastest-growing in the nation, attracting both leisure travelers and long-term investors.
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203