Back on the Market-Price Reduction! Rare beach front Inn / Hotel, located DIRECTLY on the Gulf of Mexico. The property is a CASH COW with 5 & 1/2 Stars on Trip Advisor and is located on the North End of Manasota Key in Sarasota County Florida. The property features 13 newly renovated beachfront condo suites, and is a TURN-KEY operation currently generating approximately $700,000 of gross income per year! The one of a kind location, along with an expert management staff, has created a clientele that continues to return year after year, subsequently minimizing marketing overhead & increasing net operating income. This unique Gulf Front Inn sits on almost 3/4's of an acre of lush tropical landscape, overlooking miles of light, powdery sandy beaches. The property is being offered at a 10.15% CAP Rate at the current asking price and is equipped with an excellent management staff more than willing to stay on after the sale of the property. Complete financials are available in the property offering memorandum.
BB/HS Internet Avail, City Water, Electric, Gas, Septic
In County, Street Paved, Flood Plain
Balcony/Sun Deck, Mature Landscaping, Patio/Porch/Deck Open
Listing Information Courtesy of Radiant Asset Management Inc.
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Listing data comes from My Florida Regional MLS.
Listing information last updated on October 20th, 2017 at 10:21am EDT.
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