1708 S Atlantic Ave - Hospitality FOR SALE


New Smyrna Beach, FL 32169
$4,000,000 USD
607-745-0364
1708 S Atlantic Ave, New Smyrna Beach, FL for Sale
$4,000,000 USD
Hospitality - FOR SALE
1/19
null | 6.84% Cap Rate

1708 S Atlantic Ave
New Smyrna Beach, FL 32169


HIGHLIGHTS

  • Walking distance to the ocean, just on the other side of S Atlantic Ave

OVERVIEW

A rare opportunity to acquire an immaculate boutique hotel that has undergone extensive renovations from head to toe. This property has tremendous potential for growth, work was just recently completed and the word is quickly getting out about these stunning suites that are just 200 feet from the beach. New Smyrna Beach is frequented by many locals and travelers alike, widely known as one of the highest-rated beaches in the state with a list of accolades to go with it. 17 miles of sandy coastline which is one of three beaches in the state that can be driven on, New Smyrna Beach offers a laidback and friendly atmosphere along with consistently rated world-class surfing and fishing. NSB is also a town that defies easy categorization, though parks and water recreation might draw you here initially, this is a place where culture and the arts are woven into the fabric of everyday life. It's also where you'll find a culinary scene marked both by internationally recognized chefs and seafood shacks that have been favored by locals for decades. Not only does this property offer guests a short walk to the beach, but it is also just a 4-minute drive from historic Flagler Avenue and Canal Street where guests can enjoy water sports, shopping, and unique dining opportunities For the explorers, NSB has the most biologically diverse estuary in North America, there are quite a few wildlife conservation parks and hiking trails.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$541 USD /SF

# OF ROOMS

11

PRICE/ROOM

$363,636 {currency}

CAP RATE

6.84%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ocean Eleven Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1979

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

B-4(4) - COM

APN/PARCEL ID

7415-04-39-0040

ASK ABOUT THIS PROPERTY

Jeffrey TerwilligerSVR CommercialMore Info
607-745-0364

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Jeffrey TerwilligerSVR CommercialMore Info
607-745-0364

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