14 Unit Treasure Island Beach Motel - Renovated & Turn Key!
Annualized NOI shows a 7.33% cap rate
Marketing description
Completely refreshed and primed for performance, this 14-unit motel in the heart of Treasure Island offers a rare turnkey investment opportunity just steps from the Gulf. Zoned and licensed for daily rentals, the property blends classic Old Florida charm with modern upgrades—delivering both character and confidence for today’s investor. This is a current income earning hotel - annualized NOI based on January–May 2026 operating results (based on 12 units operating): approximately $307,794, representing a 7.33% cap rate!
Recent renovations have transformed the asset, including a new roof, updated interiors with new cabinetry, countertops, appliances, and a fully renovated bathroom, along with all-new furnishings throughout. The exterior has also been thoughtfully refreshed, featuring updated pool furnishings that enhance the guest experience around the inviting heated pool and courtyard—creating a true boutique motel feel. With the heavy lifting already complete, this is a streamlined, low-maintenance opportunity positioned for immediate income and long-term ease of ownership.
The current unit mix includes 4 one-bedroom units, 8 studios with kitchenettes, a 2-bedroom suite, and a 1-bedroom manager’s apartment. Licensed for 15 units and currently configured as 14, there is flexibility for an owner-operator model or the potential to reimagine the layout for increased revenue optimization. AirDNA reports available and support a strong proforma NOI.
Adding to the functionality and upside is the included vacant 40x111 parcel behind the motel, zoned RM-15. Currently utilized for additional parking and storage, the lot features two storage structures—one of which houses on-site laundry facilities—enhancing operational efficiency for both guests and management. The property also offers 10 lined parking spaces out front, a valuable amenity in this high-demand beach market. This additional land presents flexibility for future residential use, expansion, or long-term hold potential.
Guests are drawn to the unbeatable location—just across the street from the wide, sandy beaches with convenient crosswalk access, and less than a mile from John's Pass Village & Boardwalk, Pinellas County’s top tourist destination. With over 100 shops, restaurants, and waterfront attractions including boating, parasailing, fishing, and dolphin tours, the area consistently drives strong occupancy and repeat visitors.
A fully updated asset in a premier beach location with built-in upside—this is the kind of investment that checks every box: location, condition, flexibility, and future potential.
Investment highlights
Turnkey, Recently Renovated Asset – Major capital improvements completed, including new roof, updated cabinetry, countertops, appliances, renovated bathroom(s), new furnishings, and refreshed exterior with upgraded pool furniture—minimizing near-term CapEx
Strong Income Potential | Daily Rental Zoning – Zoned and licensed for short-term (daily) rentals in the heart of Treasure Island, a proven high-demand beach destination
Desirable Unit Mix – 14 units total (licensed for 15): 4 one-bedroom units, 8 studios with kitchenettes, 1 two-bedroom suite, plus a 1-bedroom manager’s apartment—appealing to a wide range of guests and lengths of stay
Boutique Motel Experience – Classic Old Florida courtyard layout centered around a heated pool, creating an intimate, guest-friendly environment that drives repeat bookings
Operational Efficiency + Guest Convenience – On-site laundry facilities housed in one of two storage structures; functional layout supports streamlined management
Additional Land with Built-In Utility – Included 40x111 vacant parcel (zoned RM-15) currently utilized for overflow parking and storage—offering flexibility for future residential use, expansion, or repositioning
Ample Parking – 10 lined parking spaces in front plus additional parking capacity on the rear parcel—an important competitive advantage in a beach market
Walkable Beach Access – Directly across the street from the Gulf with a dedicated crosswalk and easy public access—prime for guest appeal and occupancy
Proximity to Top Tourist Draws – Less than a mile to John's Pass Village & Boardwalk, featuring 100+ shops, restaurants, and waterfront activities including boating, parasailing, fishing, and tours
Scalable Upside – Ability to optimize unit configuration, increase ADR through upgraded positioning, or explore future development potential on the additional parcel
Low-Maintenance, High-Appeal Investment – With renovations complete and a proven location, this asset offers a rare blend of stability, ease of ownership, and growth potential
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