$3,200,000
Breakwater Resort
Details
APN 710500001100
Property Type Hospitality
Sub Type Motel
Square Footage 8,000
Keys 15
Beds 26
Cap Rate 9.17%
NOI $293,317
Pro-Forma Cap Rate 9.38%
Pro-Forma NOI $300,000
Price per SqFt $400
Price Per Acre $398,257
Year Built 1962
Year Renovated 2023
Buildings 7
Lot Size (SqFt) 350,000
Parking Spaces 30 spaces
Parking Per SqFt 3.75
Investment Type Stabilized
Ground Lease No
Ownership Breakwater LLC
Hospitality | 15 Keys | $213,333/key | 7+ Oceanfront Acres
Investment highlights
Full Management and Operations in place
9 Unit Motel, 4 Cottages, and 2 Houses
7+ Oceanfront Acres
Additional Development Opportunity
Pickleball, Playground, Patios, and more
Westport Growth and Future Golf Course
Year around activities
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$293,317.00
$24,443.08/mo
Valuation Metrics
0
DSCR
9.17%
Cap Rate
9.17%
ROI
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Tax History
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