1535 Montgomery Hwy - Hospitality FOR SALE


Vestavia Hills, AL 35216
$2,500,000 USD
404-876-1640
1535 Montgomery Hwy, Vestavia Hills, AL for Sale
$2,500,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

1535 Montgomery Hwy
Vestavia Hills, AL 35216


OVERVIEW

This offering includes the fee simple interest in a 32-unit EconoLodge by Choice, located in Hoover, an affluent Birmingham suburb. The property is unencumbered and presents a strong value-add opportunity, with high visibility off U.S. Hwy 31 and direct access to I-65 (Exit 252), which sees ~37,000 vehicles daily. Nearby demand drivers include Riverchase Galleria (2.7 miles), UAB Hospital (9 miles), and multiple universities. The area is surrounded by major retailers like CVS, Walmart, Publix, and Aldi, boosting guest convenience and exposure. Birmingham is experiencing rapid growth, with over $690M in new permits in 2024. Highlights include the new 9,300-seat Coca-Cola Star Amphitheater, 4.04M overnight visitors, and major corporate investments from Coca-Cola and Wells Fargo. Jefferson County remains Alabama’s largest economy, driven by projects like the 1,100-acre JeffMet North Industrial Park, expected to bring 4,700 jobs. With strong infrastructure and a pro-business climate, Birmingham is a growing hub for logistics, healthcare, and tech—positioning this hotel to benefit from ongoing economic momentum.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$125 USD /SF

# OF ROOMS

34

PRICE/ROOM

$73,529 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Birmingham

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

C2

APN/PARCEL ID

39-00-01-3-001-002.001

ASK ABOUT THIS PROPERTY

Tom FrenchBull Realty Inc.More Info
404-876-1640

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Tom FrenchBull Realty Inc.More Info
404-876-1640

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