21979 Highway 431 - Hospitality FOR SALE


Wedowee, AL 36278
$1,720,000 USD
334-863-0683
21979 Highway 431, Wedowee, AL for Sale
$1,720,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

21979 Highway 431
Wedowee, AL 36278


HIGHLIGHTS

  • 11 Motel Rooms, 1 Apartment, Laundry Room, 4 One-room Cabins, 3 Two bedroom Cabins, 1 Larger Cabin, 15 Cottages
  • Lake access at nearby public boat ramps. Spacious outdoor areas available for expansion of outdoor activities.
  • This established property offers a proven income stream with room for expansion. Natural beauty in a peaceful, rural setting.

OVERVIEW

Lake Wedowee Motel & Cabins presents an opportunity to acquire an operating hospitality property positioned along Highway 431 in Wedowee, Alabama. The asset includes a diverse lodging mix consisting of motel rooms, cabins, cottages, an apartment, and supporting facilities that serve visitors drawn to Lake Wedowee and the surrounding recreational amenities. The property's location provides convenient access to nearby public boat ramps and outdoor recreation destinations, supporting tourism and seasonal visitation patterns in the market. ? The improvements were originally constructed in 2005 and renovated in 2012. The property contains 34 lodging units and is situated on approximately 6.11 acres, providing existing operational infrastructure along with outdoor areas that may support future enhancements or expanded guest amenities, subject to applicable approvals. The varied accommodation mix allows operators to serve multiple guest profiles, including short-term travelers, vacationers, anglers, boating enthusiasts, family groups, and extended-stay visitors. Wedowee's position near Lake Wedowee helps support demand generated by recreation, waterfront activities, and regional tourism. The property's frontage along a major regional highway contributes to accessibility for guests arriving from surrounding Alabama and Georgia markets. Combined with an established operating format and existing lodging inventory, the asset offers investors the ability to acquire a hospitality property with multiple accommodation types in a lake-oriented destination market.

FOR SALE DETAILS

PRICE

$1,720,000 USD

PRICE/SF

$100 USD /SF

# OF ROOMS

34

PRICE/ROOM

$50,588 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Wedowee Motel & Cabins

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

2005

PARKING SPACES

49

LAND DETAILS

LAND ACRES

6.11 AC

LAND SF

266,135 SF

ZONING

-

APN/PARCEL ID

08-04-17-0-000-002-0090

ASK ABOUT THIS PROPERTY

Glenn PrinceDuffey Realty, Inc.More Info
334-863-0683

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

Glenn PrinceDuffey Realty, Inc.More Info
334-863-0683

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