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32202791
32202798

340 S Tamiami Trail, Venice, FL 34285-2422

IM
FL SL3598086
Harry E Robbins Associate
MY
FL #SL3393617
Harry E Robbins Associate
Listed by Harry E Robbins Associate
$2,500,000
52 days on market
Updated 6 days ago

Island Breeze Inn | Value Add STR

Details
Property Type Hospitality
Sub Type Motel, Hotel
Square Footage 5,915
Units 21
Occupancy 85%
Tenancy Vacant
Pro-Forma Cap Rate 11.56%
Pro-Forma NOI $289,025
Price per SqFt $423
Class C
Year Built 1950
Year Renovated 2022,2025
Buildings 3
Stories 1
Lot Size (SqFt) 28,500
Zoning ST2 - SOUTH TRAIL: SUBAREA 2
Parking Spaces 1 per key
Investment Type Value Add

Hospitality | 11.6% Cap | 21 Keys

Marketing description

Island Breeze Inn is a 21-unit, value-add hospitality property located along the high-traffic Tamiami Trail corridor in Venice, Florida just minutes from Venice beach. The property consists of three single-story buildings on a well-maintained lot, offering investors a turnkey income-producing asset with strong in-place revenue and significant upside potential through operational improvements, revenue optimization, and a compelling short-term rental conversion opportunity.

Renovated in 2022/2025, the property features new TPO roofing across all three buildings and updated flooring throughout most units — substantially reducing near-term capital expenditure and deferred maintenance risk. The diverse unit mix includes 7 king rooms, 7 two-bed units, 4 queen beds with sofa sleepers, 2 one-bedroom efficiency rooms, and a manager suite. On-site amenities include a swimming pool and guest laundry facility.

Venice, Florida is a proven coastal leisure market drawing year-round visitors to its Gulf Coast beaches, world-famous shark tooth shoreline, and proximity to Sarasota's cultural corridor. For the right buyer, Island Breeze Inn represents a rare opportunity to acquire a cash-flowing hospitality property and reposition it as a high-yield daily rental portfolio on Airbnb, Vrbo, and Booking.com. Short-term rental rates in this market typically run 2 to 3 times higher than traditional extended-stay models — with the pool, diversified unit mix, and manager suite already in place to support a full STR operation from day one.

Investment highlights

21-unit value-add hospitality asset located on the high-traffic Tamiami Trail corridor in Venice, Florida

Three single-story buildings on a well-maintained lot — turnkey income-producing asset from day one

Minutes from Venice Beach and the Gulf Coast shoreline — a primary driver of year-round leisure demand

Strong in-place revenue with significant upside through operational improvements and revenue optimization

New TPO roofing installed across all three buildings in (2025) — major capital expenditure already completed

Updated flooring throughout most units (2022) — substantially reduces near-term deferred maintenance risk

Diverse unit mix — 7 king rooms, 7 two-bed units, 4 queen/sofa beds, 2 efficiencies, 1 manager suite

Listing Contacts

IM
FL SL3598086
Harry E Robbins Associate
MY
FL #SL3393617
Harry E Robbins Associate
Listed by Harry E Robbins Associate

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Zoning

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ST-2 SpecialSouth Trail 2
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Last updated Jan 28, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Isaiah Miller
License
SL3598086
Brokerage
Harry E. Robbins Associates, Inc
Brokerage Phone
941-924-8346
Title
Sales Associate
Brokerage Address
3733 South Tuttle Avenue
Name
Marlin Yoder
License
#SL3393617
Brokerage
Harry E Robbins Associates Inc
Title
Real Estate Sales Associate
Brokerage Address
3733 South Tuttle Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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