407 Airport BlvdPensacola, FL 32503
- Land
- 0.43 AC
Property Details for 407 Airport Blvd
- Year built
- 1950
- Lot size
- 0.43 AC
- Zone code
- COM
- Property type
- Land
- Property subtype
- Commercial land
- APN
- 35-1S-30-2101-033-002
- APU
- 351S302101033002
Description
Exceptional investment opportunity: a brand-new, 107-key Cambria Suites hotel in Pensacola, Florida, is slated for completion in 2026. This five-story, 56,000-square-foot hotel sits on a 2.67-acre lot at 407 Airport Blvd, Escambia County, zip code 32503, offering 108 parking spaces. The property boasts a projected 7.50% cap rate and benefits from its location near I-10, with an AADT exceeding 72,339 (2022 data). The hotel features luxuriously appointed suites with state-of-the-art technology, a welcoming open-air patio, a fully equipped fitness center, a sophisticated lobby bar and lounge, and extensive meeting and event facilities catering to both corporate and leisure travelers. The property is zoned COM and is a fee-simple ownership, not a ground lease. Eight accessible rooms are included in the 107-key count. This represents a rare opportunity to acquire a new, high-quality hotel in a desirable location with strong projected returns. The property's modern amenities and prime location position it for success in the competitive hospitality market. Detailed financial projections are available upon request.
Valuation
by PT Realty methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $2,906,171
- Hospitality
- $2,662,037
- Educational
- $2,214,783
- Medical
- $2,290,953
- Retail
- $3,445,218
Location Insight
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Latitude
- 30.481
- Longitude
- -87.2276
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].