Bayway Inn | 4400 34th St S
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Bayway Inn 4400 34th St S
54 Room Hotel Saint Petersburg, FL 33711 $12,048,495 CAD ($223,120 CAD/Room) 7.93% 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 | $12,048,495 CAD | Building Size | 26,872 SF |
| Price Per Room | $223,120 CAD | No. Rooms | 54 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 7.93% | 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 |
| Price | $12,048,495 CAD |
| Price Per Room | $223,120 CAD |
| Sale Type | Investment |
| Cap Rate | 7.93% |
| 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 |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | $158.76 CAD | - |
| Guest Room | 53 | $120.48 CAD | - |
PROPERTY TAXES
| Parcel Number | 02-32-16-57269-001-0010 | Total Assessment | $2,641,744 CAD (2023) |
| Land Assessment | $1,049,055 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,592,688 CAD (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
02-32-16-57269-001-0010
Land Assessment
$1,049,055 CAD (2023)
Improvements Assessment
$1,592,688 CAD (2023)
Total Assessment
$2,641,744 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2022
zoning
| Zoning Code | AC (Skyway Marina Development Activity Center. 60 units per acre or 75 per acre with workforce housing.) |
| AC (Skyway Marina Development Activity Center. 60 units per acre or 75 per acre with workforce housing.) |
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Bayway Inn | 4400 34th St S
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