1600 Summit Lake Dr - Hospitality FOR SALE


Tallahassee, FL 32317- Buck Lake
$18,500,000 USD
706-424-1024
1600 Summit Lake Dr, Tallahassee, FL for Sale
$18,500,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

1600 Summit Lake Dr
Tallahassee, FL 32317
Buck Lake


OVERVIEW

Hunter Advisors has been exclusively engaged to solicit offers for the purchase of the 104-room, 4-story Staybridge Suites Tallahassee I-10 East (the “Hotel” or “Property”). The Hotel is strategically positioned along Interstate 10 and directly off U.S. Highway 90 within Summit East Technology Park, providing direct access to Tallahassee’s primary corporate, logistics, institutional, and governmental demand generators. Nearby employers include Marquis Software Development, Aderant Holdings, Auto-Owners Insurance, and the FedEx Ground Distribution Center, while the Amazon Fulfillment Center, a 630,000-square-foot logistics facility employing approximately 2,000 individuals, is located just 5 minutes from the Property. The Hotel also benefits from proximity to Downtown Tallahassee, the center of Florida’s state government activity, as well as Florida State University and Florida A&M University, which collectively generate over $1.2 billion in annual economic impact. Adjacent to FSU’s campus is Doak S. Campbell Stadium, an approximately 80,000-seat venue that recently underwent a $265 million renovation completed ahead of the 2025 football season, enhancing the market’s ability to attract higher-spending visitors and support stronger peak weekend demand.

FOR SALE DETAILS

PRICE

$18,500,000 USD

PRICE/SF

$218 USD /SF

# OF ROOMS

104

PRICE/ROOM

$177,885 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Staybridge Suites Tallahassee I-10 East

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2007

PARKING SPACES

119

LAND DETAILS

LAND ACRES

3.17 AC

LAND SF

138,085 SF

ZONING

Commercial

APN/PARCEL ID

12-17-25-00A-001.0

ASK ABOUT THIS PROPERTY

Tim OsborneHunter Hotel AdvisorsMore Info
706-424-1024

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Tim OsborneHunter Hotel AdvisorsMore Info
706-424-1024

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