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Hotel-Motel

Pensacola Development Land

7220 Plantation Rd, Pensacola, FL 32504

Listing Price: Request For Offer

Lot Size
1.56 acres
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 1.56-acre parcel located along Plantation Road with direct frontage to major thoroughfares I-110 and I-10. The subject property was originally a hotel which has recently been demolished due to ownership shutting down the property. This offering provides investors with an opportunity to develop a hotel of 100 to 120 units on the site in a midrise 6-8 story building. As a premier city in the third largest state in the nation, Pensacola offers employers a large, talented, young and available pool of workers at a more affordable rate than other comparative regions with a diverse pool of demand generators for sourcing business.

Investment Highlights

  • Property provides an opportunity for investors to acquire a previously developed hotel lot for less than $20,000 per key.
  • The site has an unobstructed view from major thoroughfare Interstate 110 and Interstate 10.
  • Hotel of 100 to 120 units can be installed on the site in a midrise 6-8 story building with adequate parking as required by code and necessary for operations purposes.

Exclusively Listed By

Hotel-Motel

Pensacola Development Land

Listing Price: Request For Offer

Lot Size
1.56 acres
Land Type
Land

Investment Highlights

  • Property provides an opportunity for investors to acquire a previously developed hotel lot for less than $20,000 per key.
  • The site has an unobstructed view from major thoroughfare Interstate 110 and Interstate 10.
  • Hotel of 100 to 120 units can be installed on the site in a midrise 6-8 story building with adequate parking as required by code and necessary for operations purposes.

Investment Overview

Marcus & Millichap’s National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale the vacant 1.56-acre parcel located along Plantation Road with direct frontage to major thoroughfares I-110 and I-10. The subject property was originally a hotel which has recently been demolished due to ownership shutting down the property. This offering provides investors with an opportunity to develop a hotel of 100 to 120 units on the site in a midrise 6-8 story building. As a premier city in the third largest state in the nation, Pensacola offers employers a large, talented, young and available pool of workers at a more affordable rate than other comparative regions with a diverse pool of demand generators for sourcing business.

Exclusively Listed By

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