4577 E Highway 20 | Niceville, FL 32578
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4577 E Highway 20
Niceville, FL 32578
Sleep Inn & Suites Niceville - Destin · Hospitality Property For Sale
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29,879 SF
INVESTMENT HIGHLIGHTS
- Newly renovated property, no PIP required with a strong brand recognition
- Lack of available hotel properties market in the Florida panhandle beach destinations
- Absentee ownership - great potential to improve business.
- Opportunity to increase RevPAR to competitive set standards, exceed performance of competition with strong hands-on management and increased marketing
- High Barrier to Entry Market - Extensive timelines to construct new hotels in the Destin - Fort Walton Beach - Miramar beach area
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1997/2022 |
| Building Class | C | Tenancy | Single |
| Lot Size | 1.79 AC | Parking Ratio | 1.09/1,000 SF |
| Building Size | 29,879 SF | Corridor | Interior |
| Zoning | MU-1 - Mixed Use - 1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.79 AC |
| Building Size | 29,879 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1997/2022 |
| Tenancy | Single |
| Parking Ratio | 1.09/1,000 SF |
| Corridor | Interior |
| Zoning | MU-1 - Mixed Use - 1 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 23-1S-22-0000-0001-024B | Improvements Assessment | $1,956,127 |
| Land Assessment | $863,127 | Total Assessment | $2,819,254 |
PROPERTY TAXES
Parcel Number
23-1S-22-0000-0001-024B
Land Assessment
$863,127
Improvements Assessment
$1,956,127
Total Assessment
$2,819,254
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