407-815-5590
17701 Panama City Beach Pky, Panama City Beach, FL for Sale
Hospitality - FOR SALE
1/22
null | Request Cap Rate

17701 Panama City Beach Pky
Panama City Beach, FL 32413


HIGHLIGHTS

  • Destination Market with Barrier to Entry
  • Recently Built - New Hotel
  • Option to Re-flag to Marriott or IHG Brands
  • Beach Resort Location

OVERVIEW

The Offering AHG Brokerage is proud to present an exclusive opportunity to purchase a recently built 84 rooms Comfort Inn & Suites located in Panama City Beach. This is one of Choice Hotels’ premier upper-mid-scale brands. The hotel sits on 2.3 acres and is a 4-story building. The construction on this was all steel and concrete with all current hurricane standards. Location The property is located right off Panama City Beach Parkway, close to the ocean and within walking distance to the beach. The hotel is also within walking distance of plenty of seafood and BBQ restaurants plus familiar fast-food places. Close to all the attractions like Dave & Buster’s, Frank Brown Park, Pier Park, Gulf World Marine Park, Ripley’s Museum and Shipwreck Island Waterpark. The 30A Beaches are also a short drive from the property. Panama City Beach, named the top 3 beaches in the United States by TripAdvisor, has 27-miles of beautiful beaches. The Opportunity This presents an excellent opportunity for a buyer or investor group to purchase a well-built, newer property, that is in a barrier to entry market and already operating. A new owner can acquire this without going through the typical headaches of permitting, building and construction process, and avoid the longer timeline from investing at the beginning of the project and seeing the fruits of it almost 3 years later. This property is for an investor group that is looking for a steady return on investment, that is secured with an asset that is also going to appreciate over time. Property Highlights  ·    Upper Mid-Scale Brand - 84 Keys - Interior Corridor ·    Close to Beaches -Recently Built - 4 Story Building ·    Conversion to IHG -Holiday Inn Express Flag or Marriott - Fairfield Inn possible. ·    Barrier to entry market - Prime Location ·    Total Land area is 2.3 acres - with land values @ $1MM per acre. ·    Projected to be at 8%+ CAP once stabilized.

FOR SALE DETAILS

PRICE

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# OF ROOMS

84

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Inn & Suites Panama City Beach

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,324 SF

ZONING

RMF-4

APN/PARCEL ID

38320-005-020

ASK ABOUT THIS PROPERTY

Anup ShahAHG Brokerage, LLCMore Info
407-815-5590

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Anup ShahAHG Brokerage, LLCMore Info
407-815-5590

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.