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29480332
29480341

249 US-98, Apalachicola, FL 32320 For Sale

DG
FL SL3140783
Cushman & Wakefield - Boca Raton, Florida
CP
FL SL3412249
Cushman & Wakefield - Boca Raton, Florida
Listed by Cushman & Wakefield - Boca Raton, Florida
$5,000,000
168 days on market
Updated 83 days ago

Best Western Apalach Inn

Details
APN 01-09S-08W-8360-0005-0150
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 21,758
Keys 44
Price per SqFt $230
Year Built 1997
Year Renovated 2024
Buildings 1
Stories 2
Acreage 2.730
Zoning C-3, Highway Commercial

Hospitality | 44 Keys

Marketing description

Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 44-room Best Western Apalach Inn, located in Apalachicola, Florida. The property is a two-story, limited-service, recently renovated hotel that is located directly off of US Highway 98, providing ease of access to commuters along one of Apalachicola’s main thoroughfares. This well-maintained property offers both steady cash flow and long-term growth potential. The Best Western Apalach Inn offers investors the opportunity to acquire a 44-room property in an growing market.

Investment highlights

  • Property recently underwent renovations, leaving minimal Property Improvement Plan (PIP) costs expected for new ownership.

  • Tremendous visibility and accessibility from the Shadow Lane & Avenue E, two thoroughfares that travel through the City of Apalachicola.

  • Property has been outperforming its competitive set with regards to Occupancy and RevPAR for the past three years.

  • The section of Avenue E closest to the property has an Average Annual Daily Traffic (AADT) count of approximately 13,100 vehicles per day.

  • Located directly off U.S. Highway 98, a major thoroughfare of northwest Florida.

Listing Contacts

DG
FL SL3140783
Cushman & Wakefield - Boca Raton, Florida
CP
FL SL3412249
Cushman & Wakefield - Boca Raton, Florida
Listed by Cushman & Wakefield - Boca Raton, Florida

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