2607 Wilde Lk Blvd Pensacola, FL 32526-8713
- Hotels
- 42,464 SF
- 2.95 lot acres
Mar 24, 2025
Current Use by Public Records
- Country Inn & Suites by Radisson, Pensacola West, FL / Hotel
Property Details for 2607 Wilde Lk Blvd
- Year built
- 2008
- Construction
- WOOD
- Lot size
- 2.95 lot acres
- Property size
- 42,464 SF
- Zone code
- COM
- Property type
- Hotels
- APN
- 14-1S-31-1103-000-003
- APU
- 141S311103000003
Description
This 63-key Country Inn & Suites, built in 2008, boasts 42,003 square feet across four stories and is situated on 1.3 acres at 2607 Wilde Lake Blvd, Pensacola, FL 32526. The property offers a compelling investment opportunity with an asking price of $8,000,000, a strong 12.33% cap rate, and an 81.95% occupancy rate, generating a net operating income (NOI) of $1,060,511. The hotel benefits from a prime location directly off Interstate 10, leveraging Pensacola's robust tourism economy driven by Naval Air Station Pensacola, beautiful beaches, a historic downtown, and a vibrant cultural scene including numerous festivals. A significant advantage is the inclusion of a $440,000 key money incentive from Choice Hotels, and an existing SBA 504 financing option with 20% down and a 7.4% interest rate. The property also includes a 20-year franchise agreement with Choice Hotels and has a planned owner improvement plan estimated at $600,000. The average revenue over the last three years was $2,435,663. This turnkey operation presents a rare opportunity for significant returns in a desirable market. The property's APN is 14-1S-31-1103-000-003 | Block-3.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.3162
- Latitude
- 30.519
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
