Bob Cronley
Price Reduced 2.06%
Price History
$2,090,000
9/11/2025
$2,047,000
11/12/2025
3110 PHILIPPE PARKWAY, Safety Harbor, FL, 34695
1950
3,106 sqft
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.
Status:
Active
Type:
Commercial
Units:
8
Garage:
13 to 18 Spaces
Cooling:
Wall/Window Unit(s)
Acreage:
1.54
Est. Taxes:
$18,544
Construction
Block, Concrete, Stucco
Days on Market:
70
Appliances:
Microwave, Refrigerator
MLS #:
TB8426270
Community Info
School Info
Walk Score
Yelp
Listing courtesy of EXP REALTY LLC 866-308-7109