$2,200,000

15405 Gulf Boulevard

MADEIRA BEACH FL, 33708

Description

Madeira Beach Rental Cottages. Beach Access on each corner with designated and lighted crosswalks. Five income producing units currently exist on site with month-to-month tenants. Bungalow #1 is a 2 bedroom cottage with cathedral ceilings and fireplace. Bungalows #2 & #3 are Spanish style casitas, each with one bedroom, fireplace and attached garage. Units #4 & #5 are duplex apartments, each with 2 bedrooms, a porch, fireplace and attached garage. Listing price is appropriate for redevelopment and not reflective of net with current rental income. Current income could be increased with seasonal rentals. C3 Zoning allows for short term vacation rentals. Nearly 3/4 of an Acre of prime property ready for redevelopment. Survey, Zoning Package and current Income and Expense Summary available. Seller is also willing to share plans for a boutique hotel designed for this site.

Details

MLS#U8094360
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1948
Days On Site87

Features

SQ Feet3,722
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Area Information
StateFL
CountyPinellas
CityMADEIRA BEACH
Zip Code33708
Area33708 - St PeteMadeira BchN Redington BchShores
Listing VS Median (in 33708)
Price:
$2,200,000
low | high
Med:
$439,900
100% of Average
SqFt:
3,722
low | high
Med:
1,368
100% of Average
$ / SqFt:
$591
low | high
Med:
$322
95.59716241361% of Average
On Site:
87
low | high
Med:
24
100% of Average
Listing Updated: October 29, 2020 4:28:19 PM PDT
Terri Hockensmith LogoMLS Number: U8094360
Listing Provided By:
Terri Hockensmith  of  SMITH ASSOCIATES REAL ESTATE

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