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Bayway Inn 4400 34th St S 54 Room Hotel Saint Petersburg, FL 33711 $11,079,141 CAD ($205,169 CAD/Room) 8.43% Cap Rate
INVESTMENT HIGHLIGHTS
- High positive cash flow
- Occupancy historically over 90%
- Rezoned in activity center with many new developments
- Current zoning allows for new residential development with 96 units or 115 units with workforce housing
EXECUTIVE SUMMARY
High positive cash flowing motel with 52 units, including 22 efficiencies. Area rezoned under Skyway Marina Development Activity Center with a residential density of 96 units and overall density of 120 units with workforce housing.
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $11,079,141 CAD | Building Size | 26,872 SF |
| Price Per Room | $205,169 CAD | No. Rooms | 54 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 8.43% | Year Built/Renovated | 1984/1996 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.08/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.63 AC | ||
| Zoning | AC - Skyway Marina Development Activity Center. 60 units per acre or 75 per acre with workforce housing. | ||
| Price | $11,079,141 CAD |
| Price Per Room | $205,169 CAD |
| Sale Type | Investment |
| Cap Rate | 8.43% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.63 AC |
| Building Size | 26,872 SF |
| No. Rooms | 54 |
| No. Stories | 2 |
| Year Built/Renovated | 1984/1996 |
| Tenancy | Single |
| Parking Ratio | 2.08/1,000 SF |
| Corridor | Exterior |
| Zoning | AC - Skyway Marina Development Activity Center. 60 units per acre or 75 per acre with workforce housing. |
AMENITIES
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 1 | $155.11 CAD | - |
| Guest Room | 53 | $117.72 CAD | - |
PROPERTY TAXES
| Parcel Number | 02-32-16-57269-001-0010 | Total Assessment | $2,629,200 CAD (2024) |
| Land Assessment | $1,157,203 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,471,997 CAD (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
02-32-16-57269-001-0010
Land Assessment
$1,157,203 CAD (2024)
Improvements Assessment
$1,471,997 CAD (2024)
Total Assessment
$2,629,200 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2022
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Bayway Inn | 4400 34th St S
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