$2,500,000
Description
Unlimited earning opportunities are on the horizon when you invest in this rare waterfront property in gorgeous Madeira Beach. Let your imagination run wild as you renovate the existing 8-unit residential complex into vacation rentals or start fresh and rebuild your waterfront dream. The 8 units consist of 5 2bd/2ba, 2 1bd/1ba, & 1 2bd/1ba and all units are individually metered keeping operating expenses super low. Upgrades include new impact windows & storm shutters. The C-3 zoning, and 10,000 square feet of land allows you build a vacation, residential, or commercial structure up to 44 ft tall. This rare offering is situated in one of Pinellas County’s most popular tourist destinations. The property’s deep-water dock not only offers a great place to fish or watch the dolphins passing by, it could generate additional income as boat slips, or water sport rentals for guests. Imagine the unlimited revenue potential in offering lower-level restaurants and shops as visitors relax above in their new guest suites. There truly are endless opportunities in the ideal zoning of this desirable location. Close to John’s Pass, the barrier beaches, and trolley transport, this area is a tourist’s dream. Get ready to make those investment dreams come true and cash in on Florida’s million-dollar tourist revenue.Property Highlights
- Acres: 0.23
- County: Pinellas
- Year Built: 1970
- Cooling Type: Central Air
- Heating Type: Central, Electric
- Property Type: Commercial, Multi Family
- MLS #: U8146958
Property Features
| Appliances | Dishwasher, Microwave, Refrigerator |
| Construction Materials | Block, Stucco, Vinyl Siding |
| Cooling | Central Air |
| Exterior Features | Dock |
| Has View | Yes |
| Heating | Central, Electric |
| Interior Square Footage | 7,476 |
| Lot Size Acres | 0.23 |
| Lot Size Dimension | 100x100 |
| Lot Size Square Feet | 10,001 |
| Roof | Built-Up |
| Sewer | Public Sewer |
| Stories | Two |
| Water Source | Public |
| Waterfront | Yes |