701 E Fletcher Ave

$12,900,000, 104,583 Sqft 3.44 Acres

About This Property

Deal of the year! Current owner converted Days Inn into Palms Inn, a short term stay hotel giving you an investment with a very stable income and cap of 17%!! We are at 100% occupancy!! Tenants pay $195/week and/or $750/month for single tenants, $250/week and $950/month for double tenants. Unbeatable location!! Directly off of I 275, 2 miles away from USF, Moffit and the VA and just a short drive to Orlando or the area beaches. Not to mention the Tampa area theme parks and attractions. This hotel brings in $2,000,000 per year as income after all costs. Don't miss out!!

Essential Information

MLS® #U7846779
Price$12,900,000
Bathrooms0.00
Square Footage104,583
Acres3.44
Year Built1974
TypeCommercial
Sub-TypeHotel/Motel
StatusActive

Community Information

Address701 E Fletcher Ave
AreaTampa / Forest Hills
CityTampa
CountyHillsborough County
StateFL
Zip Code33612

Exterior

Lot DescriptionTwo + to Five Acres

Additional Information

Days on Market111
ZoningCN

Listing Details

OfficeBuxton Properties Inc

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701 E Fletcher Ave, Tampa (MLS® #U7846779) Property History

Price Reduced from $13,500,000 to $12,900,000
Price Reduced from $14,900,000 to $13,500,000
Price Increased from $12,900,000 to $14,900,000

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Listing data comes from My Florida Regional MLS.

Listing information last updated on May 25th, 2018 at 10:00pm EDT.

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