1201 Schley Ave - Hospitality FOR SALE


Albany, GA 31707
$3,000,000 USD
229-740-6474
1201 Schley Ave, Albany, GA for Sale
$3,000,000 USD
Hospitality - FOR SALE
1/1
null | Request Cap Rate

1201 Schley Ave
Albany, GA 31707


HIGHLIGHTS

  • Operating 119-unit motel with strong visibility and access
  • Close to dining, retail, and major traffic generators
  • Two parcels totaling 8.88 acres in a high-traffic corridor

OVERVIEW

Located directly off Highway 82, Kings Inn presents a rare opportunity to acquire a large, well-positioned hospitality asset with significant upside and expansion potential. This offering includes two separate parcels totaling 8.88 acres, combining an operating motel with additional development-ready land in a highly desirable commercial corridor. Parcel 1 consists of the Kings Inn motel situated on 4.1 acres, featuring 119 units across five buildings. The property benefits from excellent highway visibility, strong accessibility, and close proximity to a wide range of surrounding amenities, including dining, retail, and major traffic generators. Zoned C-3, this parcel allows for a broad range of uses including hotels/motels, most residential types (excluding mobile homes), day care facilities, retail sales, retail storage, and eating/drinking establishments. Parcel 2 includes an additional 4.78 acres of wooded land, offering a blank slate for future development. Zoned M-1, this parcel supports a variety of commercial uses such as day cares, retail sales, retail storage, and eating/drinking establishments, making it ideal for complementary development or a standalone project. This combined offering provides multiple paths for investors, owner-operators, and developers—whether stabilizing and enhancing the existing motel operation, redeveloping portions of the site, or capitalizing on the flexible zoning and excess land for new construction. With strong frontage near Highway 82, favorable zoning, and expansion potential, Kings Inn represents a compelling investment opportunity in a growing and amenity-rich location.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$77 USD /SF

# OF ROOMS

119

PRICE/ROOM

$25,210 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kings Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.8 AC

LAND SF

383,328 SF

ZONING

C3

APN/PARCEL ID

000MM-00004-001

ASK ABOUT THIS PROPERTY

The Jason Dove TeamDove RealtyMore Info
229-740-6474

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The Jason Dove TeamDove RealtyMore Info
229-740-6474

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