15920 Northwest US Hwy 441 - Hospitality FOR SALE


Alachua, FL 32615
$3,150,000 USD
239-821-3178
15920 Northwest US Hwy 441, Alachua, FL for Sale
$3,150,000 USD
Hospitality - FOR SALE
1/25
null | 8.7% Cap Rate

15920 Northwest US Hwy 441
Alachua, FL 32615


HIGHLIGHTS

  • Intersection of I-75 and Hwy 441
  • 15 miles from Gainesville FL
  • 70 miles from Jacksonville FL
  • 60 rooms
  • Renovation initiated
  • Business travel provides year-round weekday occupancy, balancing weekend leisure demand

OVERVIEW

UNDER CONTRACT. Clarion Pointe a Choice brand hotel being offered for sale. The property is temporarily running as High Springs Inn till renovations are completed. The property is under the Choice reservation system. It is centrally located in high growth area of Alachua just 15 miles north of Gainesville FL on the intersection of I-75 and Hwy 441. The two story, exterior corridor property has 60 rooms. Renovations were initiated in 2024 including new lobby, front desk, addition of a fitness room, breakfast area, prep kitchen and manager office. All completed to Clarion specs. 9 rooms are fully renovated, 13 need new FFE & wall mural, remaining 38 need full renovation. Outdoor pool area has been updated with new furniture, new iron fence and outdoor pool has been relined. The property has a high revenue history projected to continue as demand in the area grows. Gainesville just 15 minutes south of the property, is home to the University of Florida (UF), one of the largest public universities in the U.S. UF-related events such as: graduations, sports (especially Gators football), homecomings and academic conferences create recurring spikes in hotel demand. Overflow lodging demand often pushes into Alachua.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$140 USD /SF

# OF ROOMS

60

PRICE/ROOM

$52,500 {currency}

CAP RATE

8.7%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clarion Pointe (High Springs Inn)

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1992

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

CI

APN/PARCEL ID

03066-008-001

ASK ABOUT THIS PROPERTY

Charlotte JonesKW CommercialMore Info
239-821-3178

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Charlotte JonesKW CommercialMore Info
239-821-3178

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