Description The subject property is a 10,000 sf 24 room/24 bath two-story motel on .717 acre tract of land on the extremely busy 34th St North/US-19. This property has been reduced for a quick sale. The motel will be sold with all furniture, electronics, appliances & other personal items except where specified. This is a fully functional motel, but also may be a great opportunity for redevelopment.

Location, Location, Location: The subject property is located in a growth & redevelopment area of Pinellas County, which had over 4.8 million visitors in 2003 & more every year. New development is in progress in St. Petersburg. Early in 2003, the City Commission engaged the services of the firm of Glatting Jackson Kercher Anglin Lopez & Rinehart of Orlando to do a Master Plan for the City's Resort/Commercial Districts. A team of consultants was assembled with expertise in urban planning, economics, engineering, architecture, waterfront development & the hospitality industry. The study focused on the areas around Corey & 75th Avenues & Gulf Boulevard to 37th Avenue. A substantial Public participation process was incorporated into this effort with numerous public meetings held throughout the City. A final Master Plan report was accepted by the City Commission in August of 2003. Don’t miss this opportunity to own commercial property before there development push increases property costs.

Highest & Best Use: The site has 125 feet of frontage along 34th St North / US-19 & all public utilities are extended to the property. This is a high visibility property with two curb cuts & is on a corner. The subject property has C-2(General Retail Commercial & Limited Services District) zoning classification & a Commercial General land use. Due to the type of zoning, this property lends itself to its existing use as a motel (49 unit & under hotel/motel), or can be redeveloped into retail sales, bowling alley, dry cleaner, auto repair, service station, personal or business service, wholesale & distribution facility or congregate care facility. This property has a large residential community surrounding two sides.

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