3600 McFarland Blvd E - Hospitality FOR SALE


Tuscaloosa, AL 35405- West Tuscaloosa
$2,775,000 USD
714-353-8917
3600 McFarland Blvd E, Tuscaloosa, AL for Sale
$2,775,000 USD
Hospitality - FOR SALE
1/23
null | 8.45% Cap Rate

3600 McFarland Blvd E
Tuscaloosa, AL 35405
West Tuscaloosa


HIGHLIGHTS

  • Positioned in a stabilized university market within a tax-friendly state underscored by a consistent customer base and advantageous location.
  • The asset was fully renovated at an approximate Cap-X cost of $1,300,000 from Feb ‘21 to Dec ‘22 providing significant improvements.
  • With approximately 10 years remaining on the Motel 6 franchise term, the property benefits from an established brand with strong customer recognition.
  • No new inventory is currently under development, eliminating any potential supply impact on demand.
  • This 38-key property presents an ideal opportunity for an owner-operator, offering manageable operations with low overhead.
  • Located directly off of one of the main North/South intersections in town, providing a strategic location just minutes from the University of Alabama.

OVERVIEW

Introducing G6 Hospitality at 3600 McFarland Blvd E, Tuscaloosa AL 35405, a Full Turn Key opportunity. The property has 38 rooms, laundry room, and seperate office area (potential to build manager's studio living) Fully renovated 2024 . The property was taken down to the stud framework, new insulation, drywall, plumbing, electrical, FF&E, Bathroom products, and LVT. City passed the final building inspection. Exterior is brick and has the opportunity to be fully enclosed to convert to a hotel if wanted. Membrane roof installed 2022. Low overhead and Liquidated Damages negotiated to $1K per Unit with G6 Hospitality. Easy opportunity to increase revenue. Owner is a developer and the City of Tuscaloosa approached him to develop the property. The owner/developer is not a long term hold investor. The primary goal was to develop and move on to other projects in their pipeline. Priced at $2,775,000 with a competitive $71,154 per key G6 Hospitality features modern amenities, ensuring guest comfort and satisfaction. With a solid financial summary and a detailed boutique pro forma analysis available, this property is ready to drive substantial returns on investment. Located 2.5 miles from The University of Alabama. Football season is a large revenue driver & closeness to the university allows other events and summertime orientation, camps, etc flow over to the property. One of the first G6 properties with a dog park and concreted hangout area for guests.

FOR SALE DETAILS

PRICE

$2,775,000 USD

PRICE/SF

$54 USD /SF

# OF ROOMS

38

PRICE/ROOM

$73,026 {currency}

CAP RATE

8.45%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel 6 Tuscaloosa, AL

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1973

PARKING SPACES

37

LAND DETAILS

LAND ACRES

3.16 AC

LAND SF

137,735 SF

ZONING

BH

APN/PARCEL ID

30-09-31-2-003-013.000

ASK ABOUT THIS PROPERTY

Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
714-353-8917

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Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
714-353-8917

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