2240 Gray Hwy - Hospitality FOR SALE


Macon-Bibb, GA 31211
$1,000,000 USD
678-538-8267
2240 Gray Hwy, Macon-Bibb, GA for Sale
$1,000,000 USD
Hospitality - FOR SALE
1/6
null | 12.3% Cap Rate

2240 Gray Hwy
Macon-Bibb, GA 31211


OVERVIEW

Courtesy Court Motel in Macon, Georgia, presents a compelling turnkey investment opportunity situated in a high-visibility, high-traffic corridor adjacent to a Wal-Mart Supercenter. Boasting a consistent occupancy rate of approximately 75%, the property delivers stable immediate cash flow while offering significant value-add potential through the adjustment of below-market room rates. Recent major capital expenditures, most notably a complete roof replacement in 2022, ensure the asset is structurally sound, allowing a new investor to focus immediately on revenue optimization and operational growth.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$134 USD /SF

# OF ROOMS

17

PRICE/ROOM

$58,824 {currency}

CAP RATE

12.3%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Courtesy Court

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1952

PARKING SPACES

29

LAND DETAILS

LAND ACRES

11.1 AC

LAND SF

483,516 SF

ZONING

C-4

APN/PARCEL ID

S053-0011

ASK ABOUT THIS PROPERTY

Jacob LeeJumbo HospitalityMore Info
678-538-8267

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Jacob LeeJumbo HospitalityMore Info
678-538-8267

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