1616 N Expressway - Hospitality FOR SALE


Griffin, GA 30223
$3,300,000 USD
770-570-8532
1616 N Expressway, Griffin, GA for Sale
$3,300,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

1616 N Expressway
Griffin, GA 30223


HIGHLIGHTS

  • Location in one of the nicest and busiest area of Griffin, GA; excellent condition rooms; great access for the traveling public; walk to restaurants a

OVERVIEW

This is a excellent location Econolodge Suites and Inn in the heart of newer Griffin opposite Walmart, several nice and varied restaurants and shopping, and right on the very busy Highway 19/41 coming south from Metro Atlanta, the Echo Park Speedway, and traffic headed south into Central Georgia. The 51 rooms are in excellent condition with a nice mix of one and two bedded rooms, plus two oversized sauna rooms, and two apartments that can be rented on a weekly basis. The hotel has an appeal to daily business trips as well as to weeklong vacation travelers, enabling visitors to walk to a wide range of stores and restaurants. In addition, the hotel is within a mile of the University of Georgia Agriculture center, along with Southern Crescent Tech College and their Aviation Center. The property is a short 45-minute drive south of the Atlanta Airport, and approximately 90% of the traffic from Griffin, Spalding and Pike Counties pass by the property on a daily basis. The hotel has excellent access going both direction from the busy highway, with good parking allowing for close to room door access. The location is very safe and quiet even though it is in a very busy commercial section of Griffin, with the old, historic, and picturesque downtown Griffin being just 2 miles away, with the famous Doc Holliday Bar and Restaurant a key part of the "social" activity in Griffin. This is a retirement generated sale and the hotel clearly reflects the pride and careful personal attention to detail that the seller has given to the property as evidenced by the clean, neat, and modernized rooms, as well as the updated morning breakfast area. This is a very nice hotel. All offers encouraged.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$149 USD /SF

# OF ROOMS

48

PRICE/ROOM

$68,750 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

EconoLodge Inn and Suites...1616 N. Express

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

PCD

APN/PARCEL ID

068-03-013,068-04-003

ASK ABOUT THIS PROPERTY

Ron LargentVirtual Properties RealtyMore Info
770-570-8532

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Ron LargentVirtual Properties RealtyMore Info
770-570-8532

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