511 Cedartown Hwy - Hospitality FOR SALE


Piedmont, AL 36272
$459,000 USD
770-664-9999
511 Cedartown Hwy, Piedmont, AL for Sale
$459,000 USD
Hospitality - FOR SALE
1/1
null | Request Cap Rate

511 Cedartown Hwy
Piedmont, AL 36272


HIGHLIGHTS

  • Minimal competition in the area! Only other competitor is City Heart Inn & Suites. Huge demand for additional lodging in the area!
  • Close proximity to the highway and plenty of land on the property would attract truckers to the motel!
  • Asking only about $19,000 per key!

OVERVIEW

Minimal competition in the area! Only other competitor is City Heart Inn & Suites. Huge demand for additional lodging in the area! Building area is 10,597 sq ft! Rentable Rooms: 24 Asking only about $19,000 per key! Property is +/- 2.63 acres! Included with the property is an apartment with 2 bedrooms and 2 and a half bathrooms! Multiple access points to the property! Full brick construction with a metal roof! Property shutdown a few years ago due to operator issues!

FOR SALE DETAILS

PRICE

$459,000 USD

PRICE/SF

$42 USD /SF

# OF ROOMS

24

PRICE/ROOM

$19,125 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shutdown Motel Property in Piedmont, AL!

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

F

YEAR BUILT

1975

PARKING SPACES

51

LAND DETAILS

LAND ACRES

2.63 AC

LAND SF

114,563 SF

ZONING

-

APN/PARCEL ID

09-02-04-0-001-004.000

ASK ABOUT THIS PROPERTY

Kavita PurohitRiver BrokersMore Info
770-664-9999

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Kavita PurohitRiver BrokersMore Info
770-664-9999

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