Description

INVESTMENT HIGHLIGHTS

High positive cash flow
Occupancy historically over 90%

Rezoned in activity center with many new developments
Current zoning allows for new residential development with 96 units or 115 units with workforce housing

EXECUTIVE SUMMARY

High positive cash flowing motel with 52 units, including 22 efficiencies. Area rezoned under Skyway Marina Development Activity Center with a residential density of 96 units and overall density of 120 units with workforce housing.

AMENITIES

Pool

High Speed Internet Access

Patio

Public Access Wifi

ROOM MIX INFORMATION

DESCRIPTION	NO. ROOMS	DAILY RATE	SF
Suite	1	$112.00	-
Guest Room	53	$85.00

PROPERTY TAXES

Parcel Number	02-32-16-57269-001-0010	Total Assessment	$1,770,000
Land Assessment	$741,354	Annual Taxes	($1) ($0.00/SF)
Improvements Assessment	$1,028,646	Tax Year	2022

Josiah Gross

+1 727-461-1000

Specification

General

Building Size : 26872
Lot Size : 1.6300
Sale Type : Investment
Zoning : AC (Skyway Marina Development Activity Center. 60 units per acre or 75 per acre with workforce housing.)
Year of Built : 1984
Year of Remodeled : 1995
Number Of Rooms : 54

Financials

Cap Rate : 7.09

Hospitality

Parking Spaces :
Hotel Laundry Equipments :
Guest Laundry Equipments :
Swimming Pool :

Bayway Inn

Listing ID : 00357

SKU: 357

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