480 E Miracle Strip Pky - Hospitality FOR SALE


Mary Esther, FL 32569
$3,200,000 USD
850-904-5204
480 E Miracle Strip Pky, Mary Esther, FL for Sale
$3,200,000 USD
Hospitality - FOR SALE
1/20
null | Request Cap Rate

480 E Miracle Strip Pky
Mary Esther, FL 32569


HIGHLIGHTS

  • The hotel has 51 keys, including 46 rooms and five suites, catering to a wide range of guest needs and preference and passed by 18,800 daily drivers.
  • Nearby amenities include the Mary Esther City Pier and Boat Ramp, Wayside Park, Azalea Park, Target, and several local and national restaurants.
  • Conveniently located near Eglin Air Force Base, Hurlburt Field, and Commerce Technology Park, attracting military personnel and business travelers.
  • Situated near the Gulf of Mexico, offering easy access to stunning beaches and scenic views, ideal for leisure travelers.
  • A highly strategic property in a growing market, presenting a strong opportunity for investors in the Fort Walton Beach hospitality sector.

OVERVIEW

The Baymont Inn & Suites by Wyndham Fort Walton Beach Mary Esther offers a compelling investment opportunity for purchase at $3.2 million. This strategic hotel features 51 rooms, including 46 standard rooms and five suites. The property benefits from its proximity to several key attractions and facilities. Guests can enjoy easy access to the stunning beaches and scenic views of the Gulf of Mexico, making it an attractive choice for leisure travelers. For those with military or business interests, the Baymont by Wyndham Fort Walton Beach Mary Esther is near Eglin Air Force Base and Hurlburt Field. The property is ideal for military personnel, contractors, and visitors to these bases. Additionally, the hotel is near Commerce Technology Park, a thriving industrial and office hub. It is well-suited to cater to business travelers and those visiting local and national companies in the area. The property's appeal is further enhanced by its proximity to the picturesque white sand beach at Wayside Park on Okaloosa Island. This nearby attraction significantly boosts the hotel's value proposition for leisure travelers seeking a beachside escape. Recent improvements include new roofing and renovations to 32 rooms, with vinyl flooring on the ground level and a fully carpeted second floor. These updates ensure a comfortable and modern experience for guests, making the Baymont by Wyndham Fort Walton Beach Mary Esther an exceptional investment opportunity in a high-demand market.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$112 USD /SF

# OF ROOMS

51

PRICE/ROOM

$62,745 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baymont Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1997

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

CG

APN/PARCEL ID

16-2S-24-2630-0002-0020,16-2S-24-2630-0002-0080

ASK ABOUT THIS PROPERTY

Bipin BhaktaBipin BhaktaMore Info
850-904-5204

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Bipin BhaktaBipin BhaktaMore Info
850-904-5204

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