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Welcome to the Marbay Motel, a well-established property with unique character and tremendous potential in Safety Harbor. This 8-unit motel plus office with attached bedroom and 9 bathrooms sits on a spacious 1.54-acre lot in a prime location. Currently generating an average of $20K in monthly revenue, this property is both a proven income producer and a rare redevelopment opportunity. The 8 remodeled units each feature kitchenettes, with SMART systems including locks and TVs for modern convenience. The office with an attached bedroom adds flexibility for on-site management. Recent upgrades include 4 new A/C units (2024 & 2025), a repaved parking lot, and other ongoing improvements. Guests enjoy on-site amenities such as mini golf, on-site laundry, a covered pergola with BBQ. The property has even made appearances in two films and a recent Publix commercial, adding to its local charm and recognition. With its prime Safety Harbor location, this property is ideal for hosting events or exploring future development. A request to negotiate with the city has already been approved to rezone for residential buildings, opening the door for 10 12 potential residential structures - a fantastic opportunity for the right developer to bring the vision to life. Just 5 minutes from downtown Safety Harbor s restaurants, breweries, and shops, and close to Philippe Park with water sports rentals and a boat ramp, this property is also only 6 minutes to Chi Chi Rodriguez Golf Course and less than 30 minutes to Tampa, TIA, Raymond James Stadium, and the Gulf beaches. Whether you re looking for a profitable short-term rental/motel business or a prime redevelopment project, the Marbay Motel offers endless possibilities.
Features
Age: Over 50 Years Old
Appliance: Microwave
Appliance: Refrigerator
Architecture Style: Other
Building Units: 8
Cooling System: Window Unit(s)
Cooling System: Multi Units
Cooling System: Wall/Window Unit(s)
Exterior Type: Stucco
Exterior Type: Block
Exterior Type: Concrete
Floor Covering: Laminate
Floor Covering: Tile
Floor Covering: Carpet
Legal Description: PART OF GOVT LOT 1 IN NE 1/4 OF SEC 27-28-16 DESC FROM SE COR OF SD GOVT LOT SD COR ALSO BEING SE COR OF NE 1/4 OF NW 1/4 TH "N89D40'11""W 315 ALG S" BNDRY OF SD GOVT LOT 1 FOR "POB TH CONT N89D40'11""W" 154.06FT TO C/L OF HWY NO "590 TH N30D16'21""W " "348.53FT TH S89D40'11""E" 391.31FT PARALLEL TO S BNDRY OF SD GOVT LOT 1 TH "S00D17'40""W 142.5FT" PARALLEL TO E BNDRY OF SD "GOVT LOT 1 TH N89D40'11""W" "60FT TH S00D17'40""W" 157.5FT TO POB LESS W'LY 33FT FOR RD R/W & LESS E 20FT OF N 142.5FT CON T 1.54 AC(C)