407 Airport Blvd - Hospitality FOR SALE


Pensacola, FL 32503- Ferry Pass
$25,000,000 USD
407 Airport Blvd, Pensacola, FL for Sale
$25,000,000 USD
Hospitality - FOR SALE
1/6
null | 7.5% Cap Rate

407 Airport Blvd
Pensacola, FL 32503
Ferry Pass


HIGHLIGHTS

  • HEAVY DAYTIME TRAFFIC

OVERVIEW

For Sale / Build-to-Suit Cambria Suites Hotel Opportunity• Address: 407 Airport Blvd, Pensacola, FL 32503• Lot Size: ±2.67 acres (vacant / partially cleared) with COM (Commercial) zoning• Building: Proposed ±56,000 SF hotel (5 stories, 107 keys), with additional ~6,000 SF retail/restaurant pad• Parking: Plans for ~108 to 151 spaces depending on final site plan, including accessible units• Location Advantage: immediate proximity to Pensacola International Airport, high vehicular visibility on Airport Boulevard (SR-750), strong traffic flow from I-10 corridor (~72,000+ AADT)• Demand Drivers: Airport passenger growth (3 million+ FY 2024), increasing commercial / retail development in the Airport Blvd corridor, high potential for both business and leisure lodging demand• Investment Highlights: Build-to-suit flexibility, commercial zoning, no ground lease, full ownership, strong cap rate (˜ 7.50% in some materials) for acquisition opportunities. Traffic, Location & Demand Drivers Proximity to Pensacola International Airport (PNS)The site is very close to PNS, making it ideal for transit / airport-oriented demand. The Airport saw over 3 million annual passengers in FY 2024, reflecting strong growth and usage. Major Road Access & Daily TrafficAirport Boulevard (State Road 750) provides direct access to the airport and connects to other major routes. An Average Annual Daily Traffic (AADT) count on nearby I-10 is approximately 72,339 vehicles (2022), providing visibility and traffic flow in the broader area. Nearby Retail, Restaurants & ServicesThe Airport Blvd corridor is a growing mixed-use and commercial area, with existing and proposed retail/restaurants, service businesses, and nearby hotel supply. Land / Ownership / Development StatusThe site is a vacant or partially cleared lot.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$312 USD /SF

# OF ROOMS

107

PRICE/ROOM

$233,645 {currency}

CAP RATE

7.5%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cambria Hotel Pensacola

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2027

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.67 AC

LAND SF

116,470 SF

ZONING

-

APN/PARCEL ID

35-1S-30-2101-024-002,35-1S-30-2101-033-002,35-1S-30-2101-036-002,35-1S-30-2101-038-002

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