For Sale
$9,500,000

2073 Mayport RdJacksonville, FL 32233

61-key IHG hotel, prime location, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents the Candlewood Suites Jacksonville-Mayport, a 61-key, three-story, all-suite hotel built in 2019. Located on Highway A1A in Duval County, Florida, this interior corridor property boasts a prime location near Naval Station Mayport, the third largest in the US, and benefits from proximity to several demand generators including Jacksonville University, the University of North Florida, and the expanding Mayo Clinic. The hotel's strategic positioning offers high visibility and significant growth potential. Each of the 61 suites features a fully appointed kitchen, enhancing appeal to a diverse clientele. The property is in excellent condition, maintained through an ongoing capital improvement program. The estimated change of ownership PIP is $50,000+/-. Year-end 2023 financials show strong performance with a Room Revenue of $2,086,728, a NOI of $857,595, and a 9.03% cap rate. Additional amenities include an outdoor pool, fitness center, laundry facilities, outdoor gazebo with grill, 24-hour business center, and a 24-hour convenience store. Nearby attractions include Atlantic Beach (1.2 miles), Jacksonville Beach Pier (5 miles), TPC Sawgrass (12 miles), and the historic St. Augustine (40 miles). The asking price is $9,500,000. This IHG-branded hotel represents a compelling investment with the potential for stable returns and capital appreciation in a high-growth market.

Highlights

  • Candlewood Suites Jacksonville-Mayport, an IHG Hotel
  • 61-suite, three-story hotel with interior corridors.
  • Built in 2019.
  • Situated in a high-growth market with increasing revenue.
  • Amenities include an outdoor pool, fitness center, laundry facilities, gazebo with grill, 24-hour business center, and a 24-hour convenience store.
  • Close proximity to Naval Station Mayport, Atlantic Beach, Jacksonville Beach Pier, Mayo Clinic Jacksonville, TPC Sawgrass, Jacksonville University, and Downtown Jacksonville.

Property Details for 2073 Mayport Rd

Property type
Hospitality properties, Motels
Year Built
2019
Buildings
1
Stories
3
Lot Size (sq. ft)
49,223 SF

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.3431983
Longitude
-81.4124016
2073 Mayport Rd, Jacksonville, Florida

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2073 Mayport Rd
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