2073 Mayport Rd Jacksonville, FL 32233-1923

Property Details for 2073 Mayport Rd

Year built

2019

Construction

WOOD

Lot size

1.13 lot acres

Property size

31,268 SF

Zone code

CCG-2

Property type

Motels

APN

169457-0010

APU

1694570010

Description

This exceptional investment opportunity presents the Candlewood Suites Jacksonville-Mayport, a 61-key, three-story, all-suite hotel built in 2019. Located on Highway A1A in Duval County, Florida, this interior corridor property boasts a prime location near Naval Station Mayport, the third largest in the US, and benefits from proximity to several demand generators including Jacksonville University, the University of North Florida, and the expanding Mayo Clinic. The hotel's strategic positioning offers high visibility and significant growth potential. Each of the 61 suites features a fully appointed kitchen, enhancing appeal to a diverse clientele. The property is in excellent condition, maintained through an ongoing capital improvement program. The estimated change of ownership PIP is $50,000+/-. Year-end 2023 financials show strong performance with a Room Revenue of $2,086,728, a NOI of $857,595, and a 9.03% cap rate. Additional amenities include an outdoor pool, fitness center, laundry facilities, outdoor gazebo with grill, 24-hour business center, and a 24-hour convenience store. Nearby attractions include Atlantic Beach (1.2 miles), Jacksonville Beach Pier (5 miles), TPC Sawgrass (12 miles), and the historic St. Augustine (40 miles). The asking price is $9,500,000. This IHG-branded hotel represents a compelling investment with the potential for stable returns and capital appreciation in a high-growth market.