On the Beach – Beautiful sunsets - hotel for sale. Outdoor lounge area, swimming pool, restaurant, gym. Near by world class surfing beaches & fresh seafood. 121 keys. 217 parking stalls. Room for expansion. Year round business.
tripadvisor Certificate of Excellence!
Sale Price (USD): $27,000,000.
Land Area (acres): 2.99
Building Area (Square Feet): 95,123
Number of stories: 3
Cap Rate (%): 7.7
NOI (USD): $2,071,892.
Taxes (USD): 90% Exempt (6 yrs)
Building Class: B