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Listing 6 out of 396
$1,500,000 Pending

551 Broadway Street #1
Longboat Key, FL 34228

1 unit | Multi Family Home
18731 sq ft lot - MLS# A4209864
Property Photo
1/25

Description

A rare, seaside income opportunity on boating water, nestled between the beach and the bay. This 1946 vintage, uniquely charming six-unit limestone structure is located on a corner lot on one of the original building sites in the Historic Village of Long Beach on tropical North Longboat Key. Included are three separately platted, contiguous lots; two are vacant waterfront lots in this residential community 7009 & 7017 Longboat Drive N. Perfect for vacation rentals, located just .01 mile to the beach access to Longboat Key's famous beaches and the waters of the Gulf of Mexico where blazing sunsets are enjoyed each night. New seawall, no bridges to the bay and direct access in minutes to Longboat Pass and the Gulf of Mexico. In operation since the 1800s, the Historic Village offers a treasured island lifestyle with restaurants and a Center for the Arts, nearby community boat ramp and fishing piers. Although the value is mainly in the land, the historic value and renewed interest in vintage buildings cannot be ignored. Restoring the building with six beachside vacation rentals could be a fabulous, worthwhile investment. The six rental units include five efficiency units and one, one-bedroom unit. There is no recent rental history, however, limited past history is available. The popular waterfront Mar Vista Restaurant is just two blocks away. The island trolley, a block away, heads north to Anna Maria Island’s restaurants and boutiques, or south to St. Armands Circle for shopping, dining and nightlife.

Features

  • Property Type: Multi Family Home
  • Sub Type: Five or More
  • Listing Status: Pending
  • County/Area: Manatee County
  • Zip Code: 34228
  • Year Built: 1946
  • Subdivision/Neighborhood: Long Beach, Rev Of
  • Elementary School: Anna Maria Elementary
  • Middle School: Martha B. King Middle
  • High School: Bayshore High
  • Sq.Ft.: 3,262 sq ft
  • Style: Five or More (Multi-Family)
  • Units: 1 unit
  • Garage: Guest Parking, Open Parking, Washer/Dryer Hookup
  • Acres: 18731 sq ft lot
  • View: Canal Yes
  • Waterfront: Bridges - No Fixed Bridges, Seawall - Concrete Canal - Saltwater Canal
  • Zoning: R6SF
  • Additional Tax I Ds: 7801500109 and 7801500159
  • Air Conditioning: Wall Units/Window
  • Community Features: Water Access
  • Construction Status: Completed
  • Efficiencies Number Of: 5
  • Exterior Construction: Stone
  • Exterior Features: Mature Landscaping, Oak Trees, Open Patio
  • Front Exposure: Southeast
  • Heating And Fuel: Central
  • Lease Terms: No Pets
  • Location: Close to Bus Line, Corner Lot, Flood Plain, Historic District, Room For Pool, Street Paved
  • Lot Dimensions: 169x125x150x125
  • Lot Num: 52
  • Lot Size Sq Ft: 18750
  • Num 1 Bed 1 Bath: 1
  • Numof Add Parcels: 2
  • Parcel Number: 7801500209
  • Porches: Yes
  • Property Description: 1 Level
  • Roof: Metal
  • SW Subdiv Community Name: Not Applicable
  • Square Foot Source: Public Records
  • Tax Year: 2017
  • Taxes: 5504
  • Total Acreage: 1/4 Acre to 21779 Sq. Ft.
  • Township: 35
  • Utilities: Public Utilities
  • Water Access: Canal - Saltwater, Yes
  • Water Extras YN: Yes
  • Water Frontage YN: Yes
  • Waterfront Feet: 110
Courtesy of Premier Sothebys Intl Realty

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Michael Granston

Century 21 Dockside Realty
Longboat Key, FL 34228
Phone: 941-504-8018
Email: michaelgranston@gmail.com

Testimonials

I first met Michael about 3 years ago when I bought my apartment in 1350 Main street This was an investment property to rent and as I live in the UK, I needed all the help and advise I could get. Plus he was a fellow Brit living in Sarasota for 20 years. He was so helpful with the purchase and renting that I bought another 2 apartment in the same bloc J.N. UK
Michael Granston is wonderful! We worked with Michael (as out of state buyers) to purchase a condo in downtown Sarasota. Michael was so helpful, patient, kind, knowledgeable and dependable. He was easy to get ahold of and made the entire buying experience stress free! We are so happy that we met Michael, he is now our "go to" agent! J.H. OH
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