523 72ND AVE, ST PETE BEACH, FL, 33706
$4,875,000
Commercial Sale
|
Living Area
8,137 Sqft
|
Lot Size
19,323 Sqft
|
Introducing the Park Shore Boutique & Park Shore Suites—a meticulously assembled 19-unit hospitality offering just steps from the sugar-white sands, providing a rare opportunity to acquire a fully operational, design-forward asset where every detail has already been executed to perfection. This exceptional offering seamlessly blends two complementary income streams: the 12-unit Park Shore Boutique, delivering stable, long-term income through thoughtfully designed unfurnished residences, and the 7-unit Park Shore Suites, a fully furnished, high-performing short-term rental operation tailored to discerning beachside travelers. The result is a refined, diversified portfolio generating nearly $500,000 annually—with zero operational lift required. Spanning three cohesive buildings, the property is anchored by a resort-style pool environment, creating a boutique hospitality experience that rivals larger-scale resorts while maintaining an intimate, highly curated atmosphere. Each unit and common area reflects a level of care and intentionality rarely found in assets of this scale—offering a truly plug-and-play investment for the sophisticated hotelier. For the portfolio buyer, this is not a project—it’s a finished product. A stabilized, turnkey asset with proven performance, immediate cash flow, and the infrastructure already in place to support continued growth through brand elevation or rate optimization. Positioned in an irreplaceable coastal location just moments from world-class dining, entertainment, and the Gulf’s iconic shoreline, this offering delivers both lifestyle prestige and institutional-grade performance. In a landscape where turnkey hospitality assets of this caliber rarely come to market, Park Shore Boutique & Park Shore Suites stand apart as a legacy acquisition—refined, complete, and ready to perform from day one.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8498298 | Year Built: | 1947 | |
| Appliances: | Dishwasher, Dryer, Microwave, Refrigerator, Washer | Building Features: | Bathrooms, Common Lighting, Fencing, Furnished, Kitchen Facility, On Site Shower, Pool/Spa, Stone Counter, Trash Removal | |
| Community Features: | Beach Area, Sidewalks | Construction Materials: | Block | |
| Cooling: | Central Air, Mini-Split Unit(s) | Country: | US | |
| County Or Parish: | Pinellas | Flooring: | Luxury Vinyl, Tile | |
| Foundation Details: | Slab | Heating: | Central, Electric, Ductless | |
| Income Includes: | Laundry, Parking, Rent Only | Levels: | Two | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Owner Financing | |
| Lot Features: | Flood Insurance Required, Oversized Lot, Sidewalk, Street Lights, Paved | Property Sub Type: | Hotel/Motel | |
| Property Type: | Commercial Sale | Road Frontage Type: | City Street | |
| Road Surface Type: | Asphalt | Roof: | Membrane, Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | 24 Hour Notice, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Electricity Available, Public, Water Connected | |
| Water Source: | Public | Window Features: | Insulated Windows, Window Treatments | |
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