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4577 E Highway 20
Niceville, FL 32578

$4,900,000 USD

Hotel For Sale • 29,879 SF

Property Details

Property Type Hotel
Total Building Size 29,879 SF
Lot Size 1.79 AC
Building Class C
Year Built 1997
Tenancy Single
Zoning MU-1

0 Transit Score

59 Walk Score

                
                    Highlights
                
                                Newly renovated property, no PIP required with a strong brand recognition
                            
                                Opportunity to increase RevPAR to competitive set standards, exceed performance of competition with strong hands-on management and increased marketing
                            
                                Lack of available hotel properties market in the Florida panhandle beach destinations
                            
                                High Barrier to Entry Market - Extensive timelines to construct new hotels in the Destin - Fort Walton Beach - Miramar beach area
                            
                                Absentee ownership - great potential to improve business.

Property Flyers

OFFERING MEMORANDUM - SLEEP INN & SUITES_compressed

Amenities

Business Center
Fitness Center
Pool
High Speed Internet Access
Patio
Public Access Wifi
Smoke-Free

Public Transportation

Airport	Drive	Walk	Distance
Eglin AFB/Destin-Ft Walton Beach	33 min	-	10.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	60
Type:	Surface
Included in Rent:	Yes

Sheeba Kalathil 561-713-3430 Atlantic Realty Associates Inc.

4577 E Highway 20 Niceville, FL 32578