Do a 1031 Exchange with Hotels in Tampa Florida

There are numerous people now whom are looking into different types of commercial properties for a 1031 exchange. The tax burden can be delayed with your typical 1031 exchange transaction. Some Commercial Real Estate investors get into a 1031 exchange with a commercial property at or near replacement cost. If you have a REIT, why not consult us for a 1031 exchange property in Florida.

Contact us for similar Commercial Properties For Sale in Florida for a 1031 exchange.

O’Reilly Commercial Realty LLC
Patrick O’Reilly
Phone: (352) 237-2222
Email: OreillyCommercialRE@gmail.com

 

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 The Investment Property below has sold recently but can be used as a comparable Investment Property. Again, we note that there are plenty of benefits to use the 1031 exchange while the laws approve of them.

701 East Fletcher, Tampa, Florida 33612

Tampa Hotel – Motel

Prices range from $2,000,000 and up
No. Rooms: 255
Building Size: 78,680 SF
Price per Room: $19,316 estimated
Property Type: Hotel & Motel
Property Sub-type: Economy / Limited Service
Property Use Type:Investment
Average Occupancy: 60% estimated
Year Built: 1974
Corridor: Exterior
Lot Size: 3.44 AC

Highlights of Commercial Property

  • 255 Hotel Rooms
  • Excellent Visibility and Access from I-275
  • Newly Renovated
  • Over Three Acres of Land

Description of Hotel For Sale in Tampa

This was a recently renovated 255 room Days Inn in Tampa, North of Busch Gardens. This hotel was recently converted into a Days Inn. During the conversion process, the entire property was renovated to the brand standards. The renovation was completed early 2014. These opportunities are an excellent turn-key opportunity with significant upside for a hotelier. Why not contact us and see if something like this is available in Florida.

The 255 guest rooms are spread over three hotel buildings with a separate building for the lobby and breakfast area. The breakfast area is substantial and has plenty of space to accommodate large groups and large numbers of guests. Everything in this property was upgraded with no expense spared, from a new roof to an updated pool; this hotel is well-positioned to dominate the Tampa market north of Busch Gardens.

The hotel draws from a wide array of local demand drivers, from Busch Gardens to Tampa International Airport. Other demand drivers include the many local golf courses, area beaches, Tampa Convention Center, and downtown Tampa. The substantial parking on-property allows easy access for truckers on I-275 and RV’s. The visibility and access from I-275 is incredible as well.

701 East Fletcher, Tampa, FL 33612 (Hillsborough County)

This public information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals.Also this information is provided for consumer personal, solely to identify potential properties for potential purchase.

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