30 Room Hotel & Extended Stay in North Pensacola

Hospitality for Sale
Catylist Listing ID: 30319092
Property Subtypes: Extended Stay, Hotel
Number of Units: 30 Units
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Gross Land Area: 1 Acre
Sale Price: $1,500,000
Unit Price: $50,000 Per Unit
Property Use Type: Business
Building Name: Civic Inn
Name of Establishment: Civic Inn
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/7/2018

Overview / Comments

This hotel has been in operation successfully here in NorthEast Pensacola since 1984. It is in good shape and mostly 100% occupied**(one or two units may be taken off of rental rolls for renovations). The owner would not sell, but is retiring. So this is a great opportunity for a new operator to run a successful business here.

There is also an additional 1 acre of land that can be purchased to build additional units as needed in the future. The additional acre is listed separately for $350,000.

Please call David Wu for showing instructions. Appointments must be made.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 021920100
Zoning: COM
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Davis Hwy. & University Parkway
Property Visibility: Good
Largest Nearby Street: University Parkway
Airports: Pensacola International Airport
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Year Built: 1984
Construction/Siding: Brick/Vinyl Siding
Average Occupancy Rate: 95
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,687 59,868 132,208
Median Age: 34.56 37.09 38.28
Households: 3,732 25,644 53,125

Contact

Photograph of Listing Agent

David P Wu

Alliance Real Estate Gulf Coast CMLS Member
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.