561-227-2676
2902 S Atlantic Ave, Cocoa Beach, FL for Sale
Hospitality - FOR SALE
1/11
null | Request Cap Rate

2902 S Atlantic Ave
Cocoa Beach, FL 32931
Coastal Brevard


HIGHLIGHTS

  • Waterfront, highly-maintained, boutique hotel comprised of 13 studios and suites.
  • Property features a wide variety of unique amenities that include kayaks, beach/pool towels, two docks with boat slips, and an outdoor pool/BBQ area
  • Consistently generating ~$205+ ADR with upside potential for new owner.
  • Excellent short-term vacation rental/Airbnb opportunity.
  • Prime waterfront location on the Banana River Lagoon with stunning sunrise and sunset views.
  • Rooms have kitchenettes and private balconies or patios.

OVERVIEW

Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the Lost Inn Paradise, a waterfront boutique hotel located in Cocoa Beach, Florida. The property is a limited-service hotel featuring 13 guest rooms, including a mix of studios and suites featuring kitchenettes with refrigerators and microwaves. At Lost Inn Paradise, the property offers guests the ability of enjoying both a beautiful beach sunrise from the observation deck or a stroll across the street and a sunset over the Banana River from the pool or the Bungalow’s patio. We’re bringing this property to market without a listed price, but the seller is encouraging all offers. The current owner, who is based on Florida’s west coast and owns another property there, purchased this asset in December 2023 for $4.2M. Due to the distance, he has not been a hands-on operator. This presents a strong opportunity for an operator to increase revenue through hands-on management and by exploring additional income streams, such as a tiki bar (with potential for a liquor license). Please Contact Broker For More Information!

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

13

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lost Inn Paradise

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1956

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

RU215

APN/PARCEL ID

25-37-26-50-0000G.0-0009.00

ASK ABOUT THIS PROPERTY

Ely SilversteinCushman & WakefieldMore Info
561-227-2676

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

Ely SilversteinCushman & WakefieldMore Info
561-227-2676

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