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28760980
28760991

1106 Main St, Safety Harbor, FL 34695

BK
FL FL 261521569
Ben Kreloff
Listed by Ben Kreloff
$2,490,000
182 days on market
Updated 21 days ago

Safety Harbor Motel

Details
Property Type Business for Sale, Hospitality
Sub Type Business and Building
Square Footage 4,758
Units 13
Cap Rate 8.36%
Price per SqFt $523
Year Built 1970
Year Renovated 2022
Buildings 4
Stories 1
Ground Lease No

Business for Sale | 8.36% CAP | 4,758 SqFt

Marketing description

The Safety Harbor Motel presents a rare opportunity to acquire a fully renovated, turnkey 13-unit hospitality asset in one of Tampa Bay's most desirable markets. Established in 1957 and completely modernized through a comprehensive 2022 renovation, this boutique property combines classic Florida charm with contemporary amenities and infrastructure.

STRATEGIC LOCATION & MARKET POSITION

Primely positioned on Main Street in downtown Safety Harbor, the motel sits within walking distance of the waterfront, dining, shopping, and local attractions. The supply-constrained submarket benefits from strong year-round tourism and proximity to major destinations including Clearwater Beach and Tampa, ensuring consistent demand from both leisure travelers and extended-stay guests.

PROPERTY FEATURES

The 4,758 square foot property offers diverse accommodation options across 13 well-appointed units:

• 6 Queen Studios with kitchenettes

• 2 King Studios with kitchenettes

• 1 One-Bedroom House with full kitchen

• 1 Two-Bedroom House with full kitchen

• 1 Two-Bedroom Cottage (flexible 4-bed/3-bath layout)

• 2 Sleeper rooms

FINANCIAL PERFORMANCE

The business demonstrates solid financial metrics with annual revenue of $405,053 and seller's discretionary earnings of $208,146. The property generates strong direct bookings through established customer relationships and repeat business, indicating market confidence and operational stability.

GROWTH POTENTIAL

Significant upside exists through enhanced online presence. While the motel currently relies primarily on direct reservations, there is substantial opportunity to increase occupancy and revenue through improved utilization of Online Travel Agencies (OTAs) including Airbnb, Vrbo, and Booking.com. Recent implementation of new management software with integrated OTA capabilities has already begun showing positive reservation increases.

TURNKEY OPERATION

This is a complete hospitality business including real estate, FF&E valued at $90,000, and established operations. The seller provides 30 days of training to ensure smooth transition. With its recent renovations, prime location, and proven cash flow, this represents an exceptional entry point into Florida's robust hospitality market.

Listing Contacts

BK
FL FL 261521569
Ben Kreloff
Listed by Ben Kreloff

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Additional Information

Name
Ben Kreloff
License
FL 261521569
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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