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

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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


Photograph of Listing Agent

David P Wu

Alliance Real Estate Gulf Coast CMLS Member
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