Waterfront Land in 555 1050th Ave, Madeira Beach, Florida, USA

Auction - 4.89 Acres + Submerged Land of Waterfront in Madei

555 & 565 150th Ave, Madeira Beach, FL 33708
Opening Bid: $5,000,000.00 Subject To Seller Approval
Onsite Auction Date: 11:00 AM Saturday, December 10, 2011
Sale Location: On Site
Preview Time: 10 AM

This 4.89 acre site is one of the largest direct waterfront development sites available along the best beaches and in the Tampa Bay area. Current concepts would allow up to 60 hotel rooms per acre (293 rooms) and possibly more subject to a zoning change. Included in concepts is a retail/restaurant component. It is our belief that it’s highest and best use is as a Hotel and/or High and Dry Marina facility. The site consists of 1,531 linear feet on the Intracoastal waterway and is currently improved with 59 boat slips (24 covered), a ?sh processing plant and restaurant. Zoning is “C-4 Marine Commercial”, permits numerous uses in addition to its current use as a Marina. Current land use is CG “Commercial General”. As a High and Dry facility, upwards of 400 boat slips could be put on the site, subject to variances to the current zoning code, as well as possible additions to the wet slips. Access to full due diligence material and bidder quali?cation package is available by contacting listing agent.