For Sale
$12,250,000

910 Navy BlvdPensacola, FL 32507

127-Key Hotel, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This 127-key Comfort Inn, located in Pensacola, Florida, presents a compelling investment opportunity. Boasting 61,768 square feet on a 2.43-acre lot, this five-story hotel, built in 2003 and renovated in 2022, offers significant upside potential. The property enjoys a prime location minutes from Pensacola's beaches and Interstate 10, near Corry Station, a major US Navy training facility. Its proximity to Pensacola International Airport (serving 2.3 million passengers annually), West Florida Hospital, Sacred Heart Hospital, the University of West Florida, Pensacola Beach, Perdido Key, and Blue Wahoos Stadium ensures consistent demand. The strong market is further fueled by Pensacola's growing tech sector and the presence of numerous defense contractors and businesses. Currently operating at 60.14% occupancy, the hotel's strong NOI of $1,233,993 and 8.91% cap rate, coupled with an asking price of $12,250,000 ($198.32/sq ft), indicate a robust return on investment. The property's recent renovation minimizes future capital expenditures, maximizing immediate profitability. This hotel's strategic location and strong market fundamentals make it an attractive investment for discerning buyers seeking significant returns in the Florida hospitality market. The property's APN is 37-2S-30-2003-000-000 and the address is 910 N Navy Blvd, Pensacola, FL 32507.

Highlights

  • Choice Hotels franchise with year-over-year growth.
  • Below-market performance with upside potential; comp set shows 69% occupancy and $126 ADR.
  • Recently renovated with minimal capital improvements needed.
  • Strong local demand drivers.

Property Details for 910 Navy Blvd

Property type
Hospitality properties, Hotels
Square Feet
61,768 SF
Year Built/Renovated
2003/2022
Buildings
1
Stories
5
Lot Size (sq. ft)
105,851 SF

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.4019447
Longitude
-87.2764403
910 Navy Blvd, Pensacola, Florida

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910 Navy Blvd
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