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Lost Inn Paradise 2902 S Atlantic Ave 13 Room Hotel Cocoa Beach, FL 32931 For Sale
INVESTMENT HIGHLIGHTS
- Waterfront, highly-maintained, boutique hotel comprised of 13 studios and suites.
- Consistently generating ~$205+ ADR with upside potential for new owner.
- Prime waterfront location on the Banana River Lagoon with stunning sunrise and sunset views.
- Property features a wide variety of unique amenities that include kayaks, beach/pool towels, two docks with boat slips, and an outdoor pool/BBQ area
- Excellent short-term vacation rental/Airbnb opportunity.
- Rooms have kitchenettes and private balconies or patios.
EXECUTIVE SUMMARY
Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the Lost Inn Paradise, a waterfront boutique hotel located in Cocoa Beach, Florida. The property is a limited-service hotel featuring 13 guest rooms, including a mix of studios and suites featuring kitchenettes with refrigerators and microwaves. At Lost Inn Paradise, the property offers guests the ability of enjoying both a beautiful beach sunrise from the observation deck or a stroll across the street and a sunset over the Banana River from the pool or the Bungalow’s patio.
We’re bringing this property to market without a listed price, but the seller is encouraging all offers.
The current owner, who is based on Florida’s west coast and owns another property there, purchased this asset in December 2023 for $4.2M. Due to the distance, he has not been a hands-on operator. This presents a strong opportunity for an operator to increase revenue through hands-on management and by exploring additional income streams, such as a tiki bar (with potential for a liquor license).
Please Contact Broker For More Information!
We’re bringing this property to market without a listed price, but the seller is encouraging all offers.
The current owner, who is based on Florida’s west coast and owns another property there, purchased this asset in December 2023 for $4.2M. Due to the distance, he has not been a hands-on operator. This presents a strong opportunity for an operator to increase revenue through hands-on management and by exploring additional income streams, such as a tiki bar (with potential for a liquor license).
Please Contact Broker For More Information!
PROPERTY FACTS
| Sale Type | Investment | No. Rooms | 13 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1956/2010 |
| Building Class | C | Parking Ratio | 1.42/1,000 SF |
| Lot Size | 0.46 AC | Corridor | Exterior |
| Building Size | 7,042 SF | ||
| Zoning | RU215 - Multifamily residential dwellings in medium-density areas. County Office | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 7,042 SF |
| No. Rooms | 13 |
| No. Stories | 2 |
| Year Built/Renovated | 1956/2010 |
| Parking Ratio | 1.42/1,000 SF |
| Corridor | Exterior |
| Zoning | RU215 - Multifamily residential dwellings in medium-density areas. County Office |
AMENITIES
- Balcony
- Pool
- High Speed Internet Access
- Patio
- Marina
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $314.00 | - |
| Guest Room | 11 | $262.00 | - |
PROPERTY TAXES
| Parcel Number | 25-37-26-50-0000G.0-0009.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,094,880 |
PROPERTY TAXES
Parcel Number
25-37-26-50-0000G.0-0009.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,094,880
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Lost Inn Paradise | 2902 S Atlantic Ave
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