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Commercial For Sale at 701 Fletcher AVENUE, Tampa, Hillsborough, Florida 33612, USA
(MLS # U8039742)

List Price: $ 13,900,000 USD
Commercial for sale: Hotel/Motel
Property Size: 83,465 sqft
(7,753.898 m2)
Land size: 3.44 acres
(1.39 ha)
MLS#: U8039742
Agent: Ahmad Maki Kubba
Office: BUXTON PROPERTIES INC
Office phone: 727-538-0034
Fax: 727-214-1152
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Location
Address: 701 Fletcher AVENUE
City: Tampa
County: Hillsborough
State: Florida
ZIP Code: 33612
Country: USA
  • Property Details:
    • Year Built:
      • 1974
      1974
      • Cooling System:
        • Wall or Window Units
    • Remarks:
      • A rare investment back on the market! This unique building offers a cap rate unseen in today’s market. Located immediately off of I-275, this prime location puts one right in the middle of everything! Less than two miles away from the University of South Florida, Moffitt Cancer Institute and the VA, The Palms Inn is comprised of a diverse population. Guests can also enjoy a short 30 minute drive to the beautiful area beaches and an hour drive to the newest happenings of Orlando. The Palms Inn, once under renovation, is now complete. New roof and re done rooms offer clean comfort to all guests. Purchase The Palms with cash and enjoy 15.6% cap rate, or purchase with a $5M down payment and use a bridge loan (9% interest; $9M finance; 3 year balloon) and yield a cash to cash investment cap rate of 27.3%!!! This gem of an investment, now with documented and verifiable income which will be released with an accepted contract won’t last long! Contact us today!

        A rare investment back on the market! This unique building offers a cap rate unseen in today’s market. Located immediately off of I-275, this prime location puts one right in the middle of everything! Less than two miles away from the University of South Florida, Moffitt Cancer Institute and the VA, The Palms Inn is comprised of a diverse population. Guests can also enjoy a short 30 minute drive to the beautiful area beaches and an hour drive to the newest happenings of Orlando. The Palms Inn, once under renovation, is now complete. New roof and re done rooms offer clean comfort to all guests. Purchase The Palms with cash and enjoy 15.6% cap rate, or purchase with a $5M down payment and use a bridge loan (9% interest; $9M finance; 3 year balloon) and yield a cash to cash investment cap rate of 27.3%!!! This gem of an investment, now with documented and verifiable income which will be released with an accepted contract won’t last long! Contact us today!
      Location of the Commercial For Sale 701 Fletcher AVENUE, Tampa, 33612
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      The listings were last updated on: 2019-07-10


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