2690 Riverside Dr - Hospitality FOR SALE


Macon-Bibb, GA 31204
$2,400,000 USD
239-821-3178
2690 Riverside Dr, Macon-Bibb, GA for Sale
$2,400,000 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

2690 Riverside Dr
Macon-Bibb, GA 31204


HIGHLIGHTS

  • 112 rooms + 8 rooms used for apartments
  • Interior Corridor
  • Off I-75
  • 75 Miles South of Atlanta
  • Midway point between Atlanta and Savannah
  • High revenue potential with hands on management

OVERVIEW

BACK ON MARKET. CALL FOR OFFERS ! Red Carpet Inn 120 room hotel being offered for sale. Two and three story, interior corridor hotel on the north side of Macon, strategically located off I-75 within close proximity to all demand generators. Out of the 120 rooms 8 rooms have been converted to 3 apartments. Built in 1987, renovated in 2018-2022. The property has a large courtyard pool and large conference room ideal for larger venues. Franchise agreement in place till 2028. Macon is considered “The Heart of Georgia” and a midway point between Savannah and Atlanta. It is surrounded by 3 interstate highways: I-75, I-16 and I-475. Atlanta’s Hartsfield Jackson International Airport just 75 miles north. Investments in logistics, manufacturing, and warehousing are growing, especially around I-75 and I-16 corridor, increasing business travel. Business travel demand from vendors, engineers, and truckers continues to rise year-over-year.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$55 USD /SF

# OF ROOMS

110

PRICE/ROOM

$21,818 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Carpet Inn Macon

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

120

LAND DETAILS

LAND ACRES

2.37 AC

LAND SF

103,237 SF

ZONING

C4

APN/PARCEL ID

O054-0140

ASK ABOUT THIS PROPERTY

Charlotte JonesKW CommercialMore Info
239-821-3178

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Charlotte JonesKW CommercialMore Info
239-821-3178

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