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Franklin Inn - Carrabelle 1589 Highway 98 W 30 Room Hotel Carrabelle, FL 32322 $2,200,000 ($73,333/Room)
EXECUTIVE SUMMARY
• Year Built: 2007
• Year Renovated: 2023
• Rentable Rooms: 30
• Property Includes Renovated 2-Bedroom, 1-Bathroom Manager’s Apartment with a Living Room and Full Kitchen
• Property Includes 14 RV Parking Spaces Rented Monthly for $750 Per Month Per Spot
• Absentee Operated Hotel
• Excellent Owner-Operator Acquisition Opportunity
• Excellent First Time Hotel Buyer Acquisition Opportunity
• Located Just Minutes Away from Carrabelle Beach, Providing Guests with East Access to the Beach
• Located Directly off of US Highway 98, The Major Throughfare of Carrabelle, and Connecting the City to both Panama City Beach and Tallahassee
• Hotel Website: https://www.franklininncarrabellefl.com/
• Year Renovated: 2023
• Rentable Rooms: 30
• Property Includes Renovated 2-Bedroom, 1-Bathroom Manager’s Apartment with a Living Room and Full Kitchen
• Property Includes 14 RV Parking Spaces Rented Monthly for $750 Per Month Per Spot
• Absentee Operated Hotel
• Excellent Owner-Operator Acquisition Opportunity
• Excellent First Time Hotel Buyer Acquisition Opportunity
• Located Just Minutes Away from Carrabelle Beach, Providing Guests with East Access to the Beach
• Located Directly off of US Highway 98, The Major Throughfare of Carrabelle, and Connecting the City to both Panama City Beach and Tallahassee
• Hotel Website: https://www.franklininncarrabellefl.com/
PROPERTY FACTS
| Price | $2,200,000 | Building Size | 12,888 SF |
| Price Per Room | $73,333 | No. Rooms | 30 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 2007 |
| Property Subtype | Hotel | Parking Ratio | 2.4/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.89 AC | Opportunity Zone |
Yes
|
| Zoning | Commercial | ||
| Price | $2,200,000 |
| Price Per Room | $73,333 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.89 AC |
| Building Size | 12,888 SF |
| No. Rooms | 30 |
| No. Stories | 1 |
| Year Built | 2007 |
| Parking Ratio | 2.4/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 30 | $100.00 | - |
1 1
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Franklin Inn - Carrabelle | 1589 Highway 98 W
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