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Hotel-Motel

Cape Canaveral Development Land

8955 Columbia Rd, Cape Canaveral, FL 32920

Listing Price: $4,900,000

Lot Size
2.42 acres
Price/Acre
$2,024,793
Land Type
Land

Investment Overview

Marcus & Millichap’s National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale the vacant 2.42-acre parcel located along Columbia Road proximate to Port Canaveral in Cape Canaveral, Florida. The subject property is anticipated to be improved into a six-story, 150-room select service Cambria Hotel by Choice Hotels. Currently, the offering features proposed amenities such as a lobby, restaurant (operated internally), rooftop lounge (operated internally), outdoor pool, fitness center, business center, sundry shop, 164 surface parking spaces, and approximately 1,500 square feet of meeting space. Positioned near Brevard County’s largest major employer, Kennedy Space Center, the hotel will provide investors with an opportunity to own a hotel with a diverse source of business.

Investment Highlights

  • A shovel-ready project that has been approved for a 150-unit Cambria Suites hotel, situated directly off A1A. The proposed stabilized value of the development is $42,000,000.
  • The site has an unobstructed, 200± foot wide view from Astronaut Boulevard to the west.
  • The property is zoned C-1 (Commercial), and M-1 light industrial and research and development district by the City of Cape Canaveral, and M-1 light industrial and research and development district.

Exclusively Listed By

Hotel-Motel

Cape Canaveral Development Land

Listing Price: $4,900,000

Lot Size
2.42 acres
Price/Acre
$2,024,793
Land Type
Land

Investment Highlights

  • A shovel-ready project that has been approved for a 150-unit Cambria Suites hotel, situated directly off A1A. The proposed stabilized value of the development is $42,000,000.
  • The site has an unobstructed, 200± foot wide view from Astronaut Boulevard to the west.
  • The property is zoned C-1 (Commercial), and M-1 light industrial and research and development district by the City of Cape Canaveral, and M-1 light industrial and research and development district.

Investment Overview

Marcus & Millichap’s National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale the vacant 2.42-acre parcel located along Columbia Road proximate to Port Canaveral in Cape Canaveral, Florida. The subject property is anticipated to be improved into a six-story, 150-room select service Cambria Hotel by Choice Hotels. Currently, the offering features proposed amenities such as a lobby, restaurant (operated internally), rooftop lounge (operated internally), outdoor pool, fitness center, business center, sundry shop, 164 surface parking spaces, and approximately 1,500 square feet of meeting space. Positioned near Brevard County’s largest major employer, Kennedy Space Center, the hotel will provide investors with an opportunity to own a hotel with a diverse source of business.

Exclusively Listed By

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