4040 S Ferdon Blvd - Hospitality FOR SALE


Crestview, FL 32536
$3,500,000 USD
786-772-0719
4040 S Ferdon Blvd, Crestview, FL for Sale
$3,500,000 USD
Hospitality - FOR SALE
1/3
null | Request Cap Rate

4040 S Ferdon Blvd
Crestview, FL 32536


HIGHLIGHTS

  • Prime Accessibility: Ideally located off Interstate 10, with high visibility and access to Ferdon Blvd (46,753 VPD), ensuring strong traffic flow.
  • Management Upside: Current remote ownership presents a clear opportunity for hands-on management to improve operational efficiency and increase profit
  • Durable Build: Built with concrete block construction, ensuring long-term structural durability and lower maintenance costs.
  • Minimal PIP: Wyndham PIP-compliant, with minimal near-term capital needs, allowing for a smooth transition to new ownership.
  • Entry-Level Investment Opportunity: Smaller 48-room count makes this a manageable, cost-effective investment, ideal for first-time buyers.

OVERVIEW

The Kabani Hotel Group, as the exclusive representative of the seller, is pleased to present the Baymont Inn & Suites Crestview for sale. This 2-story, 48-room, exterior corridor hotel is strategically positioned directly off Interstate 10, offering excellent accessibility and high visibility. The surrounding area features a variety of strong demand generators, including Destin Beach, Eglin Air Force Base, Destin-Ft. Walton Beach Airport, Blackwater River State Park, Ft. Walton Beach Landing, Crestview Amtrak Station, Sasquatch Zoo, Crestview Commercial Historic District, Twin Hills Park, Hot Wheels Skating Center, and several golf courses. These drivers contribute to a steady stream of leisure and business travelers year-round, providing a robust foundation for occupancy and revenue growth. The property is current with Wyndham’s PIP standards, requiring minimal PIP expenditures. Moreover, significant upside potential exists through improved operational management, as the hotel is currently operated remotely. A more hands-on ownership approach could greatly enhance operational efficiencies, drive revenue growth, and improve profitability. This offering presents a rare entry-level investment opportunity in a growing Florida market, ideal for first-time hotel investors or experienced operators seeking to expand their portfolio.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$110 USD /SF

# OF ROOMS

49

PRICE/ROOM

$71,429 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baymont Inn & Suites Crestview

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

2000

PARKING SPACES

57

LAND DETAILS

LAND ACRES

3.23 AC

LAND SF

140,699 SF

ZONING

C-1

APN/PARCEL ID

32-3N-23-0000-0042-002B

ASK ABOUT THIS PROPERTY

Lucas MondinoKabani Hotel Group Inc.More Info
786-772-0719

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

Lucas MondinoKabani Hotel Group Inc.More Info
786-772-0719

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