1905 Elevate Avenue ave - Hospitality FOR SALE


Navarre, FL 32566
$3,000,000 USD
561-699-1513
1905 Elevate Avenue ave, Navarre, FL for Sale
$3,000,000 USD
Hospitality - FOR SALE
1/1
null | Request Cap Rate

1905 Elevate Avenue ave
Navarre, FL 32566


HIGHLIGHTS

  • Holiday Inn Express & Suites by IHG is a highly desirable flag by both investors and consumers alike.
  • Fully entitled and shovel-ready site — eliminates entitlement risk and accelerates timeline to groundbreaking and revenue generation.
  • Within close proximity to Navarre Beach, consistently ranked among Florida’s top beaches.
  • Proximity to Eglin Air Force Base and Hurlburt Field drives consistent government and military lodging demand.
  • Limited new supply on Navarre Beach relative to neighboring coastal markets, helping protect occupancy and rate stability.
  • High barrier-to-entry market due to limited developable land, zoning constraints, and rising construction costs.

OVERVIEW

Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 117-room Holiday Inn Express & Suites Development Site, located in Navarre, Florida - one of Northwest Florida’s most desirable and supply-constrained coastal markets. With all major approvals in place, the project offers immediate development execution under the IHG-affiliated Holiday Inn Express & Suites brand, a globally recognized select-service hotel known for strong operating performance and broad guest appeal. Strategically positioned to capture year-round demand from leisure, military, and business travelers, the property benefits from proximity to Navarre Beach, regional employment drivers, and major transportation corridors. The Holiday Inn Express & Suites Navarre Development Site offers investors the opportunity to acquire a fully entitled, shovel ready development site approved for a 117-room, IHG branded property in a growing and desirable Florida Gulf Coast market. *Ground-breaking Date is not applicable, the development site is shovel ready and fully approved for construction.*

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$55 USD /SF

# OF ROOMS

117

PRICE/ROOM

$25,641 {currency}

CAP RATE

Request Cap Rate

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Navarre

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

-

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

HCD

APN/PARCEL ID

17-2S-26-2750-07000-0032

ASK ABOUT THIS PROPERTY

Jesse LastofskyCushman & WakefieldMore Info
561-699-1513

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Jesse LastofskyCushman & WakefieldMore Info
561-699-1513

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