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
1/22
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 suburb of Birmingham, Alabama. The property presents a strong value-add opportunity, with high visibility off U.S. Hwy 31 and direct access to I-65 (Exit 252), a major corridor traveled by approximately 37,000 vehicles daily. The hotel benefits from proximity to major demand drivers, including Riverchase Galleria (2.7 miles), UAB Hospital (9 miles), and several universities, and is surrounded by national retailers such as CVS, Walmart, Publix, and Aldi—enhancing guest convenience and exposure. Birmingham continues to experience rapid economic growth, with over $690 million in new building permits issued in 2024. Key highlights include the newly opened 9,300-seat Coca-Cola Star Amphitheater, 4.04 million overnight visitors, and major investments from companies like Coca-Cola and Wells Fargo. Jefferson County, Alabama’s largest economy, is being propelled by developments like the 1,100-acre JeffMet North Industrial Park, projected to create 4,700 jobs. With robust infrastructure and a pro-business environment, Birmingham is emerging as a regional hub for logistics, healthcare, and tech—positioning this hotel to benefit from sustained economic momentum. The property also includes two income-producing tenants, Wings R King and Barristers Tavern, both of whom pay early and have no history of delinquency, contributing stable and reliable cash flow.

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

Strong Value-Add Opportunity

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.