Description: Brief Description: The Anderson House Hotel is a profitable, well maintained business located in the heart if downtown St. Petersburg with fantastic upside potential.
• Good mix of hotel guests.
• The property and mechanical systems have all been well maintained.
• 13% Capitalization rate (P&L available upon request).
• Very low vacancy historically.
• Fully licensed to operate as a Hotel.
• Property may be redeveloped to 9 residential units (condos or apartments).
• Across from Kahwa coffee on 2nd St.
Taxes & Fees
424 2nd Street N, St. Petersburg, FL, 33701 United States$400,000