Riviera Motel - Clearwater Beach

Hospitality for Sale
Catylist Listing ID: 30036196
Property Subtypes: Motel
Number of Units: 23 Units
Building Size (RSF): 10,029 SF
Gross Building Area: See Agent
Gross Land Area: 19,675 SF
Sale Price: $4,000,000
Unit Price: $173,913.04 Per Unit
Property Use Type: Vacant/Owner-User
Building Name: Riviera Motel
Name of Establishment: Riviera Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/22/2017

Overview / Comments

Investment opportunity in the shadow of the new Wyndham Grand!
This property is one short block away from the sugar sand of beautiful Clearwater Beach - with permanent beach access between the Wyndham and Hyatt (very nice neighbors)!

Existing configuration includes 23 motel units plus small office, former cafe space and swimming pool. This motel has been closed for years and is being sold - AS IS, WHERE IS.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: City of Clearwater
Tax ID/APN: 08-29-15-17550-002-0021
Retail Clientele: Tourist
Feet of Frontage: 185
Total Number of Buildings: 3
Number of Stories: 3
Property Condition: Poor
Year Built: 1953
Roof Type: Flat
Construction/Siding: Block
Zoning Description: Zoning: T - Tourist District Land Use Designation: Resort Facilities High Summary of zoning code is attached.
Lot Frontage: 185
Lot Depth: 105
Water Service: Municipal
Sewer Type: Municipal, Storm

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,276 45,788 161,915
Median Age: 60.08 45.48 46.9
Households: 1,311 20,592 74,117


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