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$4,000,000

5340 N Tamiami Trl
Sarasota, FL 34234

For Sale|Commercial|Pending With Contingencies
Beds
0 Baths
SqFt
Built in 1973
158 Days Online
N/A
Subdivision:
County:
Sarasota

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239 694 3300
5340 N Tamiami Trl5340 N Tamiami Trl5340 N Tamiami Trl5340 N Tamiami Trl
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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.

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Listing Snapshot
Price
$4,000,000
Days Online
158 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Partial Baths
N/A
Lot Size
1.97 Acres
Year Built
1973
MLS Number
220017951
Status
Pending With Contingencies
Property Tax
$24,887
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
21 hours agoListing updated with changes from the MLS
a month agoStatus changed to Pending With Contingencies
4 months agoPrice changed to $4,000,000
5 months agoListing first seen online
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Exterior Features
Waterfront Property
No
Waterfront Type
None
Gulf Access
No
Levels
2
Schools
School District
Unknown
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Century 21 Selling Paradise

The data relating to real estate for sale on this website comes in part from the Florida Gulf Coast MLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
Neighborhood & Commute
Source: Walkscore
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