Fisher Auction Company is pleased to present via Online Auction Event a 100 Unit Quality Inn Motel with

Restaurant and 4.29± Acre Proposed Site for a 122 Unit Hotel in Pensacola, Florida.

PROPERTY HIGHLIGHTS

• Prime Location on New Warrington Road with an Annual Average Daily Traffic Count of 30,000

• The Offering includes a 100 Unit 46,423± Square Foot Quality Inn Motel (Currently Under Renovation) with 4,132± Square Foot Restaurant Building on 1.87± Acres and a 4.28± Acre Proposed Development Site for a 122 Unit Woodsprings Hotel

• Close Proximity to Pensacola Naval Hospital, Navy Base, Naval Air Station and Pensacola State College

• High Exposure Properties with 256± Feet of frontage on New Warrington Road and a total of 1,373± Feet of frontage on Chiefs Way, the main access road to Corry Station Naval Complex

• Within Minutes to I-10, Outdoor Recreation, and World Class Fishing

• The 4.28± Acre Site has been proposed for a 122 Room Woodsprings Hotel and has 2± Acres considered excess land for future development

• Approximately 7.5 Miles to Pensacola International Airport and 58± Miles to Mobile, Alabama

• Rapidly Growing Area Economy includes expansions at The Navy Federal Credit Union and the Aerospace Industry

• Municipal Water and Sewer Available at Site

PROPERTY DETAILS

• Address: 1, 3 N New Warrington Road, Pensacola, Florida 32506

• County: Escambia County, Florida

• Location: Northwest Corner of N New Warrington Road and Chiefs Way

• Directions: From I-10 go South on I-110 to US 98. Turn right and continue to follow to Chiefs Way. Turn right onto Chiefs Way to N New Warrington Road. The property is on the Northwest Corner

• Total Land Area: 1.877± Acres / 81,784± SF

• Gross Motel Building Area: 46,423± SF

• Gross Restaurant Building Area: 4,132± SF

• Guestrooms: 103

• Parking: 109 Spaces

• Amenities: Pool

• Traffic Count: 30,000 AADT

• Zoning: Com - Commercial. See the Zoning Section for Permitted Uses and Building Requirements

• Taxes: 2023 Total - $19,616.64

• Parcel ID Nos.: 372S305002001057 | 372S305002002057

• Flood Zones: Zone X . Map No. 12033C0370G

• Utilities: Municipal Water and Sewer

• Access: From N New Warrington Rad and Chief’s Way

STRUCTURAL DETAILS

• Construction Frame: CBS / Steel

• Foundation: Concrete Slab

• Roof: Motel - Metal, Restaurant - Asphalt Shingle

• Windows: Insulated Single Pane

• Exterior Walls: Stucco

• HVAC: Central Systems and Drop-In

• Interior Walls: Drywall

• Ceilings: Drywall and Acoustic Tile

• Flooring: Carpet and Tile

• Lighting: Incandescent

• Elevators: One Centrally Located

• Stairways: One Centrally Located

• Year Built: 1985 / 1989

• Number of Stories: Motel - 2 Three Story Buildings, 1 Two Story Building, Restaurant - 1 Story Building

• Note: The Two Story Building with 24 Rooms is approximately 95% complete including furniture and is in need of some finish work. The 2 Three Story Buildings with 79 Rooms is in “shell” condition and consists of bare drywall and concrete floors. The Main Lobby and Restaurant also require finish work.

4.29± DEVELOPMENT SITE

PROPERTY OVERVIEW

• Address: 10, 210 Chiefs Way Pensacola, Florida 32506

• County: Escambia County, Florida

• Location: Northwest Corner of N New Warrington Road and Chiefs Way

• Directions: From I-10 go South on I-110 to US 98. Turn right and continue to follow to Chiefs Way. Turn right onto Chiefs Way to N New Warrington Road. The property is on the Northwest Corner

• Total Land Area: 4.28± Acres / 186,659± SF

• Traffic Count: 30,000 AADT

• Zoning: Com - Commercial. See the Zoning Section for Permitted Uses and Building Requirements

• Taxes: 2023 Total - $3,177.57

• Parcel ID Nos.: 372S305002000057 | 372S305002000067

• Flood Zones: Zone X . Map No. 12033C0370G

• Utilities: Municipal Water and Sewer Available

• Access: From N New Warrington Road and Chiefs Way

PROPOSED PLAN OVERVIEW

The property has been proposed for a Woodsprings Hotel and the western 2.02 acres is considered excess land that can be sold or developed at a later date. The plans include four floors and a total of 122 rental units. The hotel will have a total building area of 48,917 square feet. The ground floor lobby will be accessed via a covered portico for weather free access. The ground floor will include a common lobby with a registration desk, staff laundry, guest laundry, fitness center, common two fixture restroom and 26 guest rooms. The upper three floors are identical and include 32 guest rooms each. The upper floors are accessed via a centrally located elevator or two stairways located at the extreme ends of the rectangular shaped building. The ground floor will also include an outdoor pool and sitting area. See Drawings in Data Room