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5340 N Tamiami Trl, Sarasota, FL 34234
0 Beds
0 Baths
21,875 sqft

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Location, Location, Location. This Property is an Investment for the right Hotel Investor. It is a Distressed Property with lots of room to expand. It is walking distance to Universities and the International Airport and within miles of Florida Beaches. This Hotel/Motel property has 48 units and 1 Managerial Quarters; which is the size of a 2 Bedroom apartment. Its in the heart of Sarasota, minutes away from the Art District, the ever growing Universities, Muscle Car Museum, University Mall, and the International Sarasota/Bradenton Airport. It has a lot of undeveloped area and it is surrounded by new construction. Seller is looking for Developers with the ability to transform this property. Open to Construction ideas, such as Student Housing, Multi-Family Apartments, Assisted Living Facilities, or a Hotel with a bigger Footprint. Excellent Return on Investment and Cap Rate possibilities. Joint Ventures and Financing Available for the right candidate. We are reviewing several innovative real estate options. Join us in recreating and renovating the city of Sarasota.
  • Price:
  • $4,000,000
  • Square Footage:
  • 21,875
  • Acreage:
  • 1.97
  • Year Built:
  • 1973
  • Listing ID #:
  • 220017951
  • Street Address:
  • 5340 N Tamiami Trl
  • City:
  • Sarasota
  • State:
  • Florida
  • Postal Code:
  • 34234
  • County:
  • Sarasota
  • Community:
  • Oa01 - Out Of Area
  • Listing Status:
  • Active
  • Total Building Square Footage:
  • 21875
  • Year Built:
  • 1973
  • Business Type:
  • Hospitality
  • Approximate Lot Size Range Source:
  • Appraiser
  • Lot Size:
  • 1.97
  • Zoning Description:
  • Nt
  • Days On Market:
  • 159
  • Originating Mls:
  • Swfl
  • Previous Listing Price:
  • 4200000
  • Street Type:
  • Trail
  • Property Taxes:
  • $24,887
  • Tax Year:
  • 2019
  • Fence:
  • Yard Fenced
  • Has Central Air Conditioning:
  • Yes

The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Century 21 Selling Paradise
  • The source of the foregoing property information is a database compilation of an organization that is a member of the Southwest Florida Multiple Listing Service. Each Southwest Florida Multiple Listing Service member organization owns the copyright rights in its respective proprietary database compilation, and reserves all such rights. Copyright Ā© 2013. The foregoing information including, but not limited to, any information about the size or area of lots, structures, or living space, such as room dimensions, square footage calculations, or acreage is believed to be accurate, but is not warranted or guaranteed. This information should be independently verified before any person enters into a transaction based upon it.