Catylist ID: #30024109
Siesta Key Bungalows
Hospitality for SaleAlso listed as Special Purpose
|Catylist Listing ID:||30024109|
|Property Subtypes:||Hotel, Motel, Resort|
|Number of Units:||10 Units|
|Building Size (RSF):||5,490 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||29,012 SF|
|Unit Price:||$345,000 Per Unit|
|Property Use Type:||Investment|
|Building Name:||Siesta Key Bungalows Condo Hotel|
|Sale Terms:||Cash to Seller|
Overview / Comments
SEE LINK BELOW FOR INDIVIDUAL CONDO UNIT PRICING.AND SUPPORTING DOCUMENTS.
This meticulously-maintained, 10-unit boutique motel on South Siesta Key is now available for sale. The entire resort property, as managed, can be acquired in total.
Or take advantage of the opportunity to acquire one or more of the 10 units as a condo-tel (condo hotel) owner.
All 10 units are now officially State of Florida approved condominiums. But this filing will not hamper the existing or future operation as a resort motel.
The buyer can continue to run the property as a resort motel and sell off all 10 to individual owners.
Please see the list of Bungalow Amenities and Improvements.
Unit owners can choose from the following:
1) Existing motel furnishings in the respective units.
2) Unfurnished and decorate as desired.
3) *Pre-furnished with a William Dobson decorator package. *There is an additional cost for decorating.
Attachments & Media
|Nearest MSA:||North Port-Sarasota-Bradenton|
|Retail Clientele:||Family, Business, Traveler, Tourist, Recreation|
|Property Located Between:||From mainland Sarasota, cross over the south Siesta Key bridge at Stickney Point Rd.|
|Feet of Frontage:||150|
|Site Description:||Acquired in 2004 by the current owner, this meticulously maintained resort motel has been winning awards and the hearts of guests ever since. The Siesta Key Bungalows is now available for one lucky investor to acquire the property in total. Or 10 potential individual investors looking for a Siesta Key get-away with the availability of rental income.|
|Total Number of Buildings:||4|
|Number of Stories:||1|
|Proximity:||1 mile||3 miles||5 miles|
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