Madeira Beach Redevelopment Site or Vacation Rental Cottages. Beach Access on each corner with designated and lighted crosswalks. Nearly 3/4 of an Acre of prime property ready for redevelopment with 150’ frontage on Gulf Boulevard and 1st Street for easy access. Five income producing units currently exist on site with month-to-month tenants. Bungalow #1 is a 2 bedroom cottage with cathedral ceilings and fireplace. Bungalows #2 & #3 are Spanish style casitas, each with one bedroom, fireplace and attached garage. Units #4 & #5 are duplex apartments, each with 2 bedrooms, a porch, fireplace and attached garage. Current income could be increased with seasonal rentals. C3 Zoning allows for short term vacation rentals. Listing price is appropriate for redevelopment and not reflective of current rental income. Survey, Zoning Package, Current Income and Expense Summary available. Seller is also willing to share plans for a boutique hotel designed for this site.
Listing courtesy of SMITH & ASSOCIATES REAL ESTATE.
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