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  • MLS#: TB8498298 ( Commercial Sale )
  • Street Address: 523 72nd Avenue
  • Viewed: 10
  • Price: $4,875,000
  • Price sqft: $488
  • Waterfront: No
  • Year Built: 1947
  • Bldg sqft: 9988
  • Days On Market: 11
  • 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.
Features
Appliances
  1. Dishwasher
  2. Dryer
  3. Microwave
  4. Refrigerator
  5. Washer
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
  2. Mini-Split Unit(s)
Country
  1. US
Covered Spaces
  1. 0.00
Flooring
  1. Luxury Vinyl
  2. Tile
Garage Spaces
  1. 0.00
Heating
  1. Central
  2. Electric
  3. Ductless
Insurance Expense
  1. 0.00
Legal Description
  1. ST PETERSBURG BEACH REPLAT BLK 46
  2. LOTS 9 & 10 & THAT PART OF LOTS 11
  3. 12
  4. 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
  1. Two
Living Area
  1. 8137.00
Lot Features
  1. Flood Insurance Required
  2. Oversized Lot
  3. Sidewalk
  4. Street Lights
  5. Paved
Area Major
  1. 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Net Operating Income
  1. 264779.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 36-31-15-77994-046-0090
Property Type
  1. Commercial Sale
Road Frontage Type
  1. City Street
Roof
  1. Membrane
  2. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2025
Township
  1. 31
Utilities
  1. Electricity Available
  2. Public
  3. Water Connected
Views
  1. 10
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/TB8498298
Water Source
  1. Public
Year Built
  1. 1947