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Hotel-Motel

Sea Jay Motel

11240 1st St E, Treasure Island, FL 33706

Listing Price: $6,500,000

Cap Rate
8.01%
Number of Rooms
19
RevPAR
$162
Gross SF
9,568
Price/Room
$342,105
Price/Gross SF
$679.35
Year Built
1958

Investment Overview

The Sea Jay Motel, prominently located at 11240 1st St, Treasure Island, Florida, is a prime investment opportunity that blends the timeless allure of Art Deco design with the vibrant lifestyle of Florida’s Gulf Coast. Situated just one and a half blocks from a picturesque beach and a marina with docking facilities, the motel is an ideal haven for guests seeking to immerse themselves in the coastal charm and myriad activities the area has to offer. With a strong 8% capitalization rate based on pro forma income, this
investment stands out for those seeking substantial returns in the hospitality and real estate sectors within the dynamic Florida economy.

Investment Highlights

  • Prime Location: The Sea Jay Motel enjoys an enviable location, nestled close to Treasure Island's pristine beach and bustling marina, making it an irresistible destination for guests.
  • Mid-Century Modern Charm: Each of the 19 meticulously renovated rooms at the Sea Jay Motel exudes the timeless allure of mid-century modern aesthetics, blending nostalgia with contemporary comfort.
  • Exceptional Amenities: Renovated Outdoor Swimming Pool: Serving as a focal point for guest relaxation and social gatherings.
  • Private Parking, Garden, and Terrace: Elevating the convenience and pleasure of guests, the Sea Jay Motel offers private parking facilities, lush garden spaces, and a charming terrace complete with BBQ amenities.
  • Comprehensive Room Features: From state-of-the-art flat-screen TVs to well-appointed private bathrooms, coffee machines, fully equipped kitchens, and more, each room at the Sea Jay Motel is thoughtfully furnished to ensure a comfortable and satisfying stay for every guest.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Hotel-Motel

Sea Jay Motel

Listing Price: $6,500,000

Cap Rate
8.01%
Number of Rooms
19
RevPAR
$162
Gross SF
9,568
Price/Room
$342,105
Price/Gross SF
$679.35
Year Built
1958

Investment Highlights

  • Prime Location: The Sea Jay Motel enjoys an enviable location, nestled close to Treasure Island's pristine beach and bustling marina, making it an irresistible destination for guests.
  • Mid-Century Modern Charm: Each of the 19 meticulously renovated rooms at the Sea Jay Motel exudes the timeless allure of mid-century modern aesthetics, blending nostalgia with contemporary comfort.
  • Exceptional Amenities: Renovated Outdoor Swimming Pool: Serving as a focal point for guest relaxation and social gatherings.
  • Private Parking, Garden, and Terrace: Elevating the convenience and pleasure of guests, the Sea Jay Motel offers private parking facilities, lush garden spaces, and a charming terrace complete with BBQ amenities.
  • Comprehensive Room Features: From state-of-the-art flat-screen TVs to well-appointed private bathrooms, coffee machines, fully equipped kitchens, and more, each room at the Sea Jay Motel is thoughtfully furnished to ensure a comfortable and satisfying stay for every guest.

Investment Overview

The Sea Jay Motel, prominently located at 11240 1st St, Treasure Island, Florida, is a prime investment opportunity that blends the timeless allure of Art Deco design with the vibrant lifestyle of Florida’s Gulf Coast. Situated just one and a half blocks from a picturesque beach and a marina with docking facilities, the motel is an ideal haven for guests seeking to immerse themselves in the coastal charm and myriad activities the area has to offer. With a strong 8% capitalization rate based on pro forma income, this investment stands out for those seeking substantial returns in the hospitality and real estate sectors within the dynamic Florida economy.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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