1153 Airport Rd - Hospitality FOR SALE
Jacksonville, FL 32218 |
1153 Airport Rd
Jacksonville, FL 32218
HIGHLIGHTS
- The property has potential to be a multi-family conversion with the 80 percent - 20 percent rule in the CCG-1 Zoning guidelines.
- Operationally, the hotel has achieved a gross revenue of $2,307,085 in 2018 resulting in a 2.73 revenue multiplier based on current pricing.
- Currently, the Travelodge is listed at $31,343 on a per key basis.
- Historically, the subject property was built with 224 units, from which 23 units have been condensed into suites, leading the total room count to 201.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Developer Inn & Suites Airport JAX, a Baymont
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
97130
STORIES
2
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1973
PARKING SPACES
254
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
CCG-1
APN/PARCEL ID
019348-0020
