114-Room
For Sale
Contact for pricing
1857 ATWOOD DR, Pensacola, FL 32514
114-room hotel in Pensacola with access to downtown, UWF, the airport, and NAS Pensacola.
Property Size69,687 SF
Price / SF$186.55
Days on Market53
Property Features for 1857 ATWOOD DR
General Information
Standard status
Active
Size
69,687 SF
Property subtype
Hospitality, Mixed Use
Occupancy
75%
Net Operating Income
$1,366,501
Additional Details
Business Included
Yes
Building Details
Year Built
2008
Year Renovated
2018
Stories
5
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License #BRK.200900214
(888) 737-2264
Source:
Crexi
Added: Jul 15
Changed: Sep 3
Last Checked: Sep 2 at 11:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bang Realty
Investment Insights
Based on property information with market context.
Offering an opportunity to acquire an approximately 114-room hotel in Pensacola, Florida, the property is positioned to serve year-round corporate, military, and leisure travel demand. The hotel provides seamless access to downtown and key regional demand drivers, including the University of West Florida, Pensacola International Airport, and Naval Air Station Pensacola.
The property supports two distinct operational strategies. One approach is to maintain the current franchise, with an estimated Property Improvement Plan of $10,000 per key, designed to secure steady, reliable cash flow with minimal initial capital expenditure. An alternative value-add path is to execute a comprehensive renovation to reflag the hotel to an upscale service tier, with an estimated Property Improvement Plan of $30,000 per key, intended to reposition the asset for higher Average Daily Rates and a larger share of affluent corporate, military, and leisure travelers.
The property supports two distinct operational strategies. One approach is to maintain the current franchise, with an estimated Property Improvement Plan of $10,000 per key, designed to secure steady, reliable cash flow with minimal initial capital expenditure. An alternative value-add path is to execute a comprehensive renovation to reflag the hotel to an upscale service tier, with an estimated Property Improvement Plan of $30,000 per key, intended to reposition the asset for higher Average Daily Rates and a larger share of affluent corporate, military, and leisure travelers.
Key Highlights
- 114‑room hotel built in 2008 in Pensacola, FL.
- Two operating strategy options: maintain current franchise or upscale reflag with renovation.
- Maintain franchise option with estimated PIP of $10,000 per key.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
Explore this area
Business Placement
Demographics for 32514, FL
40,844
Population
19,117
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
19.8 sq mi
ZIP Area
2,063
Density / Sq Mi
$66,484
Median Household Income
$36,178
Median Earnings
$1,358
Median Rent
$241,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - 114-room hotel in Pensacola with access to downtown, UWF, the airport, and NAS Pensacola.
Where is this hotel located?
The property is located at 1857 ATWOOD DR Pensacola, FL.
What is the asking price?
The asking price for this property is $13,000,000.
What are key features of this property?
This property features: 114‑room hotel built in 2008 in Pensacola, FL.; Two operating strategy options: maintain current franchise or upscale reflag with renovation.; Maintain franchise option with estimated PIP of $10,000 per key.
