12282 Emerald Coast Pkwy, Miramar Beach, FL 32550

Property Details for 12282 Emerald Coast Pkwy

Year built

2021

Lot size

1.60 lot acres

Property type

Hospitality properties

Property subtype

Motels

Description

This exceptional 71-room Comfort Inn, built in 2021, presents a lucrative investment opportunity in Miramar Beach, Florida. Situated on a 1.6-acre lot at 12282 Emerald Coast Pkwy W (32550), this three-story, 30,016 square foot hotel boasts a prime location, offering convenient access to Miramar Beach, Silver Sands Premium Outlets, Henderson Beach State Park, and Destin Executive Airport. The property benefits from its proximity to the ocean and its location directly off Emerald Coast Parkway, a high-traffic area with an average annual daily traffic count exceeding 51,000 vehicles. The interior-corridor design enhances guest experience. Recently renovated, the hotel features a newly constructed fitness center, created by converting a former manager's suite, adding significant amenity value. This Comfort Inn by Choice hotel represents the newest in its competitive set, benefiting from strong brand recognition and a high barrier-to-entry market in this desirable Florida Panhandle location. The asking price is $8,900,000, significantly below replacement cost, and seller financing is available. This presents a unique opportunity to acquire a modern, well-located hotel in a high-demand market with potential for increased revenue through strategic management and marketing. The property's APN is 29-2S-21-42000-011-0018 and is zoned for Commercial - Hotels/Motels. This is a rare chance to capitalize on the limited availability of hotel properties in this thriving coastal market.

Location Insight

City

Miramar Beach

County

Walton

State

Florida

Longitude

-86.377

Latitude

30.3853