Anchor Inn Bed & Breakfast
312 Washington St
New Smyrna Beach, Florida 32168
Turnkey Offering
Sales Price: $750,000
The subject property is an operating Bed & Breakfast known as the Anchor Inn, located in New Smyrna Beach, Volusia County, Florida within the downtown neighborhood in the city of New Smyrna Beach. It is comprised of a total of 6 guest rooms. Significant additional improvements to the property have been made over the past few years including new roof and kitchen.
The Inn is located on the mainland portion of New Smyrna Beach and centered in the downtown area identified as Canal Street which consists of a mix of commercial, retail, office, restaurants, and residential development. Downtown Canal Street and a large portion of the surrounding area is the historic district of New Smyrna Beach with numerous accommodations, shops, recreation, dining, and entertainment.
Marketing & Financial Package
Details
Property Highlights
Turnkey offering
Sales Price: $750,000
- Location: 312 Washington Street, New Smyrna Beach, Fl
- 6 Guest Rooms with private baths
- Laundry, Office & Commercial Kitchen
- Plus Private Owner’s Quarters, Living Area, Bedroom, Bath, & Kitchen & large screened porch & laundry. Very private.
- Outdoor Porches
- Off Street Parking
- Square Feet: 3,856 Living; 6,029 Square Feet including porches.
- Site Size: 15,826 SF (0.3633 acres)
- Zoning: MU, Mixed Use – Central Business District, by the City of New Smyrna Beach
- Volusia County
- Flood Data: Flood Zone X, an area of 0.2% annual chance flood hazard as determined, per the Federal Emergency Management Agency (F.E.M.A.) Flood Map 12127C0543J, effective September 29, 2017.
- Year Built 1923 Craftsman Style
- Cap Rate 8.5%
- Yearly Average Occupancy: 2018 57.08%
- ADR: 2018 $130.70
- RevPar: 2018 $74.60
- Gross Revenue 2018: $162,284.50
- Net Operating Income: 2018 NOI $80,063.43
Hospitality Properties for Sale
Patricia F. Detwiler, Licensed BrokerRealtor & Hospitality Consultant
The Villages, Fl 32163