27.380201 -82.55595

5340 N Tamiami Trail Sarasota, FL 34234

270170474 27.380201 -82.55595 12 /listing/270170474-150476587/5340-n-tamiami-trail-sarasota-fl-34234 False 0 4000000.0 101 220017951 False
  • $4,000,000
  • 1.97 lot
  • Est payment $21472.86/mo

Property & Neighborhood Info

Courtesy Of Century 21 Selling Paradise

Commercial in SARASOTA

Location, Location, Location. This Property is an Investment for the right Hotel Investor. It is a Distressed Property with lots of room to expand. It is walking distance to Universities and the International Airport and within miles of Florida Beaches. This Hotel/Motel property has 48 units and 1 Managerial Quarters; which is the size of a 2 Bedroom apartment. Its in the heart of Sarasota, minutes away from the Art District, the ever growing Universities, Muscle Car Museum, University Mall, and the International Sarasota/Bradenton Airport. It has a lot of undeveloped area and it is surrounded by new construction. Seller is looking for Developers with the ability to transform this property. Open to Construction ideas, such as Student Housing, Multi-Family Apartments, Assisted Living Facilities, or a Hotel with a bigger Footprint. Excellent Return on Investment and Cap Rate possibilities. Joint Ventures and Financing Available for the right candidate. We are reviewing several innovative real estate options. Join us in recreating and renovating the city of Sarasota.

Courtesy Of Century 21 Selling Paradise
  1. 1.97 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1973
  • County: Sarasota County
  • Taxes: $24,887.00
  • Tax Year: 2019
  • MLS Number:220017951

Additional Features

  • Lease Option:
    • N
  • Utilities:
    • ElectricityAvailable
    • WaterAvailable
    • NaturalGasAvailable
    • SewerAvailable
  • Business Type:
    • Hospitality
  • Fence:
    • YardFenced
  • Listing Type:
    • ExclusiveRightToSell
  • Waterfront Features:
    • None
  • Property Subtype:
    • HotelMotel
  • Waterfront:
    • N
  • Building Square Feet:
    • 21875
  • CDOM:
    • 110
  • Covered Spaces:
    • 0
  • Legal Description:
    • KNIGHTS INN THAT PORTION OF N 730 FT OF NE 1/4 OF SW 1/4 LYING E OF TAMIAMI TRAIL LESS N 480 FT THEREOF & LESS STATE RD R/W
  • Listing Key:
    • 383548137
  • Parcel Number:
    • 2001-03-0027
Neighborhood info courtesy of Homes.com © 2020

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$38,769.95*
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RE/MAX of the Islands
RE/MAX of the Islands
(239) 472-2311
2400 Palm Ridge Road Sanibel FL 33957
no name available RE/MAX of the Islands
27.380201 -82.55595

5340 N Tamiami Trail Sarasota, FL 34234

270170474 27.380201 -82.55595 12 /listing/270170474-150476587/5340-n-tamiami-trail-sarasota-fl-34234 False 0 4000000.0 101 220017951 False
  • $4,000,000
  • 1.97 lot
  • Est payment $21472.86/mo