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Realtor Rick Goretski FL

Real Broker LLC

realtorrick@gmx.com +1(407) 497-5156

Listed by EXP REALTY LLC

$2,090,000

Est. payment - /mo

3,106 SqFt

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Open House

Sat Sep 13, 10:00am - 12:00pm

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 3,106 sqft

Price per Sqft $672

MLS Listing ID TB8426270

HOA Y/N No

Year Built 1950

Annual Tax Amount $18,544

Lot Size 1.540 Acres

Acres 1.54

Property Sub-Type Hotel/Motel

Source Stellar MLS

Property Description

Welcome to the Marbay Motel, a well-established property with unique character and tremendous potential in Safety Harbor. This 8-unit motel plus office with attached bedroom and 9 bathrooms sits on a spacious 1.54-acre lot in a prime location. Currently generating an average of $20K in monthly revenue, this property is both a proven income producer and a rare redevelopment opportunity. The 8 remodeled units each feature kitchenettes, with SMART systems including locks and TVs for modern convenience. The office with an attached bedroom adds flexibility for on-site management. Recent upgrades include 4 new A/C units (2024 & 2025), a repaved parking lot, and other ongoing improvements. Guests enjoy on-site amenities such as mini golf, on-site laundry, a covered pergola with BBQ. The property has even made appearances in two films and a recent Publix commercial, adding to its local charm and recognition. With its prime Safety Harbor location, this property is ideal for hosting events or exploring future development. A request to negotiate with the city has already been approved to rezone for residential buildings, opening the door for 10–12 potential residential structures - a fantastic opportunity for the right developer to bring the vision to life. Just 5 minutes from downtown Safety Harbor's restaurants, breweries, and shops, and close to Philippe Park with water sports rentals and a boat ramp, this property is also only 6 minutes to Chi Chi Rodriguez Golf Course and less than 30 minutes to Tampa, TIA, Raymond James Stadium, and the Gulf beaches. Whether you're looking for a profitable short-term rental/motel business or a prime redevelopment project, the Marbay Motel offers endless possibilities.

Location

State FL

County Pinellas

Area 34695 - Safety Harbor

Zoning C-2

Interior

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate, Tile

Appliance Microwave, Refrigerator

Exterior

Parking Features Parking Spaces - 13 to 18

Building

Foundation Slab

Lot Size Range 1 to less than 2

Sewer Public Sewer

Water Public

Structure Type Block,Concrete,Stucco

New Construction false

Others

Ownership Corporation

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

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3110 PHILIPPE Pkwy Safety Harbor, FL 34695