910 Navy Blvd Pensacola, FL 32507-1294

Property Details for 910 Navy Blvd

Year built

1968

Construction

WOOD

Lot size

2.49 lot acres

Property size

45,784 SF

Zone code

HC/LI

Property type

Hotels

APN

37-2S-30-2003-000-000

APU

372S302003000000

Description

This 127-key Comfort Inn, located in Pensacola, Florida, presents a compelling investment opportunity. Boasting 61,768 square feet on a 2.43-acre lot, this five-story hotel, built in 2003 and renovated in 2022, offers significant upside potential. The property enjoys a prime location minutes from Pensacola's beaches and Interstate 10, near Corry Station, a major US Navy training facility. Its proximity to Pensacola International Airport (serving 2.3 million passengers annually), West Florida Hospital, Sacred Heart Hospital, the University of West Florida, Pensacola Beach, Perdido Key, and Blue Wahoos Stadium ensures consistent demand. The strong market is further fueled by Pensacola's growing tech sector and the presence of numerous defense contractors and businesses. Currently operating at 60.14% occupancy, the hotel's strong NOI of $1,233,993 and 8.91% cap rate, coupled with an asking price of $12,250,000 ($198.32/sq ft), indicate a robust return on investment. The property's recent renovation minimizes future capital expenditures, maximizing immediate profitability. This hotel's strategic location and strong market fundamentals make it an attractive investment for discerning buyers seeking significant returns in the Florida hospitality market. The property's APN is 37-2S-30-2003-000-000 and the address is 910 N Navy Blvd, Pensacola, FL 32507.

Location Insight

City

Pensacola

County

Escambia

State

Florida

Longitude

-87.2763

Latitude

30.4019

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments