$2,200,000

15405 Gulf Boulevard

MADEIRA BEACH FL, 33708

Description

Madeira Beach Redevelopment Site or Vacation Rental Cottages. Beach Access on each corner with designated and lighted crosswalks. Nearly 3/4 of an Acre of prime property ready for redevelopment with 150 frontage on Gulf Boulevard and 1st Street for easy access. 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. Current income could be increased with seasonal rentals. C3 Zoning allows for short term vacation rentals. Listing price is appropriate for redevelopment and not reflective of current rental income. Survey, Zoning Package, Current Income and Expense Summary available. Seller is also willing to share plans for aboutique hotel designed for this site.

Details

MLS#U8096086
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1948
Days On Site57

Features

SQ Feet5,134
ZoningC3
Acreage0.72
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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:
$460,000
100% of Average
SqFt:
5,134
low | high
Med:
288
100% of Average
$ / SqFt:
$429
low | high
Med:
$399
56.816603535354% of Average
On Site:
57
low | high
Med:
100
57% of Average
Listing Updated: 09/02/2020
Terri Hockensmith LogoMLS Number: U8096086
Listing Provided By:
Terri Hockensmith  of  SMITH ASSOCIATES REAL ESTATE

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