196 Virginia Ave S - Hospitality FOR SALE


Tifton, GA 31794
$4,800,000 USD
404-398-2090
196 Virginia Ave S, Tifton, GA for Sale
$4,800,000 USD
Hospitality - FOR SALE
1/28
null | Request Cap Rate

196 Virginia Ave S
Tifton, GA 31794


HIGHLIGHTS

  • Rooms: 82, Interior Corridor
  • Year Built: 2000, Lot Size: 1.82 acres
  • 3 Stories, Hotel is located right off Interstate I-75
  • 2 miles from Downtown Tifton, Renovated Hotel
  • Seller has spent Significant Capex Improvements on the Hotel, Close to all demand generators
  • Bank Financing Available

OVERVIEW

Microtel Inn & Suites by Wyndham Tifton - GA is located right off Interstate I-75 and just about 2 miles from Downtown Tifton makes it easily accessible for those traveling through the region. The hotel is close to key attractions such as the Georgia Museum of Agriculture and Historic Village which are just 2 miles away from the property. Tift Theatre (2 miles) and Tifton Museum of Arts and Heritage (2 miles) are cultural highlights and some of the area's landmarks include Jefferson Davis Memorial Historic Site (21 miles). Nearest airport is Tifton Municipal Airport which is located approximately 4 miles from the hotel. Tifton features many colleges including University of Georgia Tifton Campus, Abraham Baldwin Agricultural College, and the Southern Regional Technical College. A multitude of distribution and manufacturing warehouses are located nearby including Coca Cola Bottling Company, UNITED, PB2 Foods, Inc., Exlabesa Extrusion Tifton, Inc., and many more. Additionally, large trucking companies including Performance Peterbilt of Tifton and CAT Scale are located within 2 miles of the property. Tifton Mall is located less than half a mile away and offers a variety of shopping and nearby restaurants. Tifton Regional Medical Center, 3.3 miles away, is a 181-bed hospital with emergency, surgical, diagnostic, and general medical care. Tifton ideally along I-75 with close proximity to all demand generators. Location Highlights: 1. Convenient Access to I-75 - Situated just off Interstate 75, providing easy access for road travelers passing through or visiting the area 2. Proximity to Local Attractions - Close to the Georgia Museum of Agriculture and Historic Village (2 miles) 3. Near Downtown Tifton: Just 2 miles from downtown Tifton 4. Close to Tift Regional Medical Center (4 miles) 5. Educational Institutions - Within a short drive to Abraham Baldwin Agricultural College (3 miles) 6. Agricultural Hub - Tifton's status as an agricultural center generates consistent business travel related to the region's farming and commerce sectors 7. Accessible to Major Airports - A short drive from Tifton Municipal Airport (4 miles) for private flights, and approximately 45 miles from Southwest Georgia Regional Airport for commercial air travel Tifton, Georgia is experiencing a period of ongoing development, with a focus on both residential and commercial projects. As a regional hub for agriculture and commerce, the city's growth is reflected in new housing and business ventures. Here's a breakdown of some of the key developments in Tifton: Residential and Housing Developments New Apartment Complexes: The city has approved new apartment projects, such as a 120-unit complex on U.S. Highway 41. This development, which is being called an "upper-scale complex," is part of a larger trend to meet the demand for new housing options in the area. Another apartment complex is also under discussion, which would feature a pair of two-story buildings with 36 units each. Subdivision Growth: There is continued development of single-family homes in new subdivisions like Findley Chase Subdivision, with new phases becoming available. This indicates a steady demand for new construction homes and continued suburban growth. Renovation and Redevelopment: There are proposals for new construction and redevelopment projects, including the rezoning of properties for a new daycare facility. This suggests a focus on providing new services and modernizing existing properties to meet the needs of the community. Commercial and Business Projects New Businesses and Retail: A new Wawa convenience store and gas station is being built on West Seventh Street, replacing a former restaurant. This is part of Wawa's larger expansion into Georgia and is a significant commercial development for the area. Industrial and Commercial Relocation: Tidewater Equipment, a heavy equipment supplier, is building a new, state-of-the-art facility on Windy Hill Road. This development is part of the company's plan to replace its decades-old location and provide better service to the local agricultural and construction industries. Comprehensive Planning: Tifton's development is guided by its comprehensive plan, which focuses on controlled growth, improved infrastructure, and creating a better quality of life. The plan highlights a strategy for "transitional suburban character areas," which are former agricultural lands being developed for residential and commercial use. The city is working to ensure that new developments are master-planned to include necessary infrastructure like water and sewer services, and to promote connectivity and green spaces. Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$154 USD /SF

# OF ROOMS

82

PRICE/ROOM

$58,537 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Microtel Inn & Suites by Wyndham Tifton

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2000

PARKING SPACES

84

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

CR-2

APN/PARCEL ID

T018-046

ASK ABOUT THIS PROPERTY

Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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