1013 Highway 231 S - Hospitality FOR SALE


Troy, AL 36081
$2,190,000 USD
334-372-4401
1013 Highway 231 S, Troy, AL for Sale
$2,190,000 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

1013 Highway 231 S
Troy, AL 36081


OVERVIEW

This 64-room hotel is strategically positioned along Highway 231, Troy’s primary commercial corridor, the hotel benefits from excellent visibility and steady daily traffic, ensuring consistent exposure and accessibility. - 64 Total Guest Rooms: Including 3 suite rooms, well-suited for extended stays, business travelers, and families - Recently Renovated (2023): Updated guest rooms and common areas, offering a modern, move-in-ready hospitality asset with limited near-term capital needs - Prime Highway 231 Location: Excellent visibility and access along Troy’s primary commercial corridor with strong daily traffic counts - Minutes from Troy University: Consistent demand from university visitors, sporting events, faculty, and families - On-Site Manager’s Living Quarters: Dedicated residential space providing operational efficiency and added value for owner-operators - Offered at $2,190,000: Attractive basis for a stabilized hotel investment in a proven market - Recognized Hotel Brand: National brand affiliation with Wyndham, providing built-in customer recognition and reservation support - Turnkey Operation: Ideal for owner-operators or investors seeking a stabilized hospitality asset with upside potential

FOR SALE DETAILS

PRICE

$2,190,000 USD

PRICE/SF

$87 USD /SF

# OF ROOMS

63

PRICE/ROOM

$34,762 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baymont by Wyndham Troy

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1986

PARKING SPACES

79

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

C

APN/PARCEL ID

1702-0430070-010000,1703-0540040-020000

ASK ABOUT THIS PROPERTY

Dennis PatelDiamond Group, LLCMore Info
334-372-4401

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Dennis PatelDiamond Group, LLCMore Info
334-372-4401

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.