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
Nearby Similar for Sale
For Sale
$5,600,000
Jacksonville Airport Hotel & Lounge
43-room hotel, bar, & liquor store. High growth market.
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Contacts
Dennis Hopper, CCIM
Sam Patel
Visit Broker Website
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2073 Mayport Rd, Jacksonville, Florida, 32233
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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2073 Mayport Rd
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