3 Gateway Blvd S - Hospitality FOR SALE


Savannah, GA 31419- Georgetown
$5,500,000 USD
954-404-2829
3 Gateway Blvd S, Savannah, GA for Sale
$5,500,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

3 Gateway Blvd S
Savannah, GA 31419
Georgetown


HIGHLIGHTS

  • High Visibility from I-95 (95,000 AADT)
  • 129 Room Hotel + Restaurant | 3.63 AC Lot
  • Value Add Opportunity

OVERVIEW

The OneWay Hotel - Savannah, GA offers the fee simple interest in a 129 room, independent hotel plus restaurant parcel of +/- 11,000 SF. The OneWay Hotel – Savannah, GA The property is a two-story, exterior-corridor hotel that was built in 1980 and renovated in 2023. With over $2.7M spent in renovations since acquisition, this hotel delivers a reduced near-term capital expenditure risk for an experienced operator capable of repositioning the asset. The vacant restaurant presents an opportunity for additional income from a Tenant that can benefit from the hotel’s built-in customer base. The asset benefits from high visibility and excellent access from I-95 as well as proximity to Savannah’s core attractions and institutional demand drivers. The property sits approximately 15.3 miles from Downtown Savannah, 11.9 miles from Savannah/Hilton Head International Airport, 16.7 miles from Savannah StateUniversity, and 14.1 miles from Hunter Army Airfield, making it well positioned to serve leisure, business, and military-related travel. Investors gain exposure to a recently renovated, independent hotel within one of Georgia’s strongest MSAs, offering branding flexibility and potential upside from an independent, boutique-style experience. Key Highlights: -Mixed-Use | 2 Story Hotel (Exterior Corridor) -High visibility from I-95 (95,100 AADT) -Independent Hotel + Restaurant Parcel -129 Rooms | +/- 11,000 SF Restaurant -3.63 Acre Lot -Over $2.7M spent in renovations since acquisition -Additional Upside with repositioning strategy -Caters to the airport, tourism, and logistics workforce

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$109 USD /SF

# OF ROOMS

124

PRICE/ROOM

$44,355 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

OneWay Savannah

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1973

PARKING SPACES

113

LAND DETAILS

LAND ACRES

6.29 AC

LAND SF

273,789 SF

ZONING

PBC

APN/PARCEL ID

1102902012A

ASK ABOUT THIS PROPERTY

Barbara MonteroPorosoff Group - Compass CommercialMore Info
954-404-2829

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Barbara MonteroPorosoff Group - Compass CommercialMore Info
954-404-2829

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