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Cole's Lodge 1001 Highway 98 E 7 Room Hotel Carrabelle, FL 32322 $829,000 ($118,429/Room) 10.70% Cap Rate
Executive Summary
Arms-length sale with typical market exposure. No seller concessions. Property includes two fully built-out and approved RV sites (one 30-amp and one 50-amp) with water, sewer, and electrical service. These sites are operational and available for immediate use. Additional RV-site revenue potential is not included in the income projections, offering upside for an investor or owner-operator.
Property Facts
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | $110.00 | - |
| Guest Room | 6 | $99.00 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 29-07S-04W-4200-0024-0150 | Improvements Assessment | $159,063 |
| Land Assessment | $92,750 | Total Assessment | $251,813 |
Property Taxes
Parcel Number
29-07S-04W-4200-0024-0150
Land Assessment
$92,750
Improvements Assessment
$159,063
Total Assessment
$251,813
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Map
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Contact the Sale Advisor
Cole's Lodge | 1001 Highway 98 E