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523 72nd Avenue, ST PETE BEACH, FL 33706
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  • MLS#: TB8498298 ( Commercial Sale )
  • Street Address: 523 72nd Avenue
  • Viewed: 4
  • Price: $4,875,000
  • Price sqft: $488
  • Waterfront: No
  • Year Built: 1947
  • Bldg sqft: 9988
  • Days On Market: 4
  • Additional Information
  • Geolocation: 27.7402 / -82.751
  • County: PINELLAS
  • City: ST PETE BEACH
  • Zipcode: 33706
  • Subdivision: St Petersburg Beach Rep
  • Provided by: COMPASS FLORIDA LLC
  • Contact: Zach Steinberger
  • 727-339-7902
  • mfrmls
  • DMCA Notice
  • Description
    Introducing the Park Shore Boutique & Park Shore Suitesa meticulously assembled 19 unit hospitality offering just steps from the sugar white sands, providing a rare opportunity to acquire a fully operational, design forward asset where every detail has already been executed to perfection. This exceptional offering seamlessly blends two complementary income streams: the 12 unit Park Shore Boutique, delivering stable, long term income through thoughtfully designed unfurnished residences, and the 7 unit Park Shore Suites, a fully furnished, high performing short term rental operation tailored to discerning beachside travelers. The result is a refined, diversified portfolio generating nearly $500,000 annuallywith zero operational lift required. Spanning three cohesive buildings, the property is anchored by a resort style pool environment, creating a boutique hospitality experience that rivals larger scale resorts while maintaining an intimate, highly curated atmosphere. Each unit and common area reflects a level of care and intentionality rarely found in assets of this scaleoffering a truly plug and play investment for the sophisticated hotelier. For the portfolio buyer, this is not a projectits a finished product. A stabilized, turnkey asset with proven performance, immediate cash flow, and the infrastructure already in place to support continued growth through brand elevation or rate optimization. Positioned in an irreplaceable coastal location just moments from world class dining, entertainment, and the Gulfs iconic shoreline, this offering delivers both lifestyle prestige and institutional grade performance. In a landscape where turnkey hospitality assets of this caliber rarely come to market, Park Shore Boutique & Park Shore Suites stand apart as a legacy acquisitionrefined, complete, and ready to perform from day one.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Flooring: Luxury Vinyl, Tile
  • Living Area: 8137.00
  • Roof: Membrane, Shingle
Land Information
  • Lot Features: Flood Insurance Required, Oversized Lot, Sidewalk, Street Lights, Paved
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Mini-Split Unit(s)
  • Heating: Central, Electric, Ductless
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Public, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 264779.00
  • Other Expense: 0.00
  • Tax Year: 2025
Other Features
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Country: US
  • Legal Description: ST PETERSBURG BEACH REPLAT BLK 46, LOTS 9 & 10 & THAT PART OF LOTS 11, 12, 13 & 14 DESC BEG MOST S'LY COR OF LOT 11 TH N30DW 215FT TO MOST W'LY COR OF LOT 12 TH N60DE 18.5FT TH S30DE 50.80FT TH N60DE 34.91FT TH S25D09'28"E 164.79FT TH S60DW 39.50FT TO POB
  • Levels: Two
  • Area Major: 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
  • Parcel Number: 36-31-15-77994-046-0090
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  1. Marian Casteel, BrkrAssc,REALTOR ®
  2. Tropic Shores Realty
  3. CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
  4. Mobile: 352.601.6367
  5. 352.601.6367
  6. mariancasteel@yahoo.com