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21252 US Highway 19 N
Clearwater, FL 33765 South Clearwater

Price Upon Request

Hotel For Sale  •  53,428 SF

Property Details

  • Property Type Hotel
  • Total Building Size 53,428 SF
  • Lot Size 3.24 AC
  • Building Class C
  • Year Built 1972
  • Tenancy Multiple
  • Zoning US 19
36 Transit Score
50 Walk Score

Highlights

118-Room Limited-Service Hotel | Magnuson Hotel Clearwater Central
$500,000+/- in Renovations
Redevelopment Opportunity - Maximum Building Height Up to 150ft - 2.5 Floor-Area-Ratio - Ability to Increase Unit Density On-Site
YE 2019 Approximate Net Operating Income of $536,596 | 8.52% Cap Rate
YE 2019 Room Revenue of $1,942,153 | Offered at Approximately a 3.24x Room Revenue Multiplier
$53,389 Per Key | SBA Financing Available

Financial Summary (Actual)

Net Operating Income: $536,596 USD (2019)
Total Expenses: $1,412,364 USD

Major Tenants

Tenant SF Occupied Lease End Date
Magnuson Hotel

Amenities

  • Business Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Tennis
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen

Public Transportation

AirportDriveWalkDistance
St Pete-Clearwater International 21 min - 9.9 mi
Tampa International 23 min - 14.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 128
Type: Surface
Included in Rent: Yes