11295 Gulf Boulevard
TREASURE ISLAND, FL 33706

$1,300,000

Description

Earn income while going through the developmental process for this .4238 acre parcel directly on Gulf BL across from Treasure Island Beach. Income producing, 6 unit, Treasure Island property! One two story, 4 bedroom, 2 bath single family producing $1,395/month, PLUS 5 unit single story building producing $3,680/month. All units are currently occupied with annual leases with an option to renew. Property has 100 feet footage on Gulf Blvd and the canal with easy access to John's Pass and the Gulf of Mexico. According to the City of Treasure Island: Size 0.4238 acres Zoning RFM 30 Base Flood Elevation AE 11 (New Flood Maps are currently being reviewed by FEMA. Anticipated adoption is within 24 months.) Required Freeboard - +2 feet Allowed Density 30 Units per acre for Hotels/Motels/Condo-Hotels 15 Units per acre for multi-family dwellings (Condo Non-Tourist Dwelling) Actual Density - Hotels/Motels/Condo-Hotels 12 Units can be placed on this parcel - (for 0.4238 ac) Multi-family dwellings (Condo Non-Tourist Dwelling) 6 Units can be placed on this parcel

Details

MLS#U8033296
Sub-TypeResale
StatusActive
Year1949
Days On Site13

Features

SQ Feet3,760
Units6
Building(s)2
Water FrontYes

Market Activity 33706

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Area Information

StateFL
CountyPinellas
CityTREASURE ISLAND
Zip Code33706
Area33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Listing VS Median (in 33706)
Price:
$1,300,000
low | high
Med:
$454,875
100% of Average
SqFt:
3,760
low | high
Med:
1,044
100% of Average
$ / SqFt:
$346
low | high
Med:
$440
22.671417074643% of Average
On Site:
13
low | high
Med:
273.500000
4.753199268739% of Average
Listing Updated: 02/15/2019
MLS Number: U8033296
Listing Provided By:
Mikhayla Murphy  of  BHHS FLORIDA PROPERTIES GROUP

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