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Listing 6 out of 396
$1,000,000 For Sale

551 Broadway Street #1
Longboat Key, FL 34228

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

Description

Reduced $400K! A rare, seaside income opportunity on boating water nestled between the Gulf 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 3 platted non-conforming contiguous lots; two are vacant residential waterfront lots (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 (2 conforming lots), the historic value and renewed interest in vintage buildings cannot be ignored. Restoring the building with 6 beachside vacation rentals could be a worthwhile investment. The six rental units include five efficiency units and one, one-bedroom unit. There is no recent rental history, however, a 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: Multi-Family
  • Listing Status: Active
  • 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: Multi-Family (Multi-Family)
  • Stories: One
  • Units: 6 units
  • Lot Size: 18731 sq ft
  • View: Water Canal Yes
  • Waterfront: Bridges - No Fixed Bridges, Seawall - Concrete Canal - Saltwater Yes
  • Zoning: R6SF
  • Additional Water Information: Direct to Longboat Pass and the Gulf of Mexico in minutes
  • Building Area Source: Public Records
  • Community Features: Water Access
  • Construction Materials: Stone
  • Cooling: Wall/Window Unit(s)
  • Country: US
  • Direction Faces: Southeast
  • Heating: Central
  • Lot Dimensions: 169x125x150x125
  • Lot Features: Corner Lot, Flood Insurance Required, Flood Plain, Historic District, Near Public Transit, Room For Pool, Street Paved
  • Lot Size Square Feet: 18750
  • Number Of Lots: 3
  • Parcel Number: 7801500209
  • Parking Features: Guest, In Garage, None, Open
  • Patio And Porch Features: Patio, Porch
  • Property Condition: Completed, Fixer
  • Roof: Metal
  • SW Subdiv Community Name: Not Applicable
  • Tax Year: 2017
  • Total Acreage: 1/4 Acre to 21779 Sq. Ft.
  • Total Num Buildings: 1
  • Township: 35
  • Unit Count: 2
  • Utilities: Public
  • Vegetation: Mature Landscaping, Oak Trees
  • Water Access: Canal - Saltwater, Yes
  • Water Body Name: CANAL
  • Water Extras YN: Yes
  • Water Frontage Feet Canal Salt: 110
  • Waterfront Feet Total: 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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