6690 Shannon Pky - Hospitality FOR SALE


Union City, GA 30291
$6,800,000 USD
404-398-2090
6690 Shannon Pky, Union City, GA for Sale
$6,800,000 USD
Hospitality - FOR SALE
1/25
null | Request Cap Rate

6690 Shannon Pky
Union City, GA 30291


HIGHLIGHTS

  • Rooms: 65, Interior Corridor
  • Year Built: 2001, Lot Size: 1.24 acres
  • 3 Stories, Hotel is located right off Interstate I-85 and Highway 138
  • 18 miles from Downtown Atlanta
  • Close to All Demand Generators
  • Bank Financing Available

OVERVIEW

Stay Express Inn & Suites Union City Near Atlanta Airport is conveniently located in the heart of Union City, Georgia, right off Interstate I-85 and Highway 138. The property offers easy access to a variety of notable landmarks and attractions in the greater Atlanta area. It is approximately 10 miles from Hartsfield-Jackson Atlanta International Airport, the world’s busiest airport, and just 18 miles from Downtown Atlanta. Key downtown destinations are within close reach, including Georgia State Stadium (17 miles), Zoo Atlanta (18 miles), Mercedes-Benz Stadium (19 miles), Centennial Olympic Park (19 miles), State Farm Arena (19 miles), and the College Football Hall of Fame (19 miles). Also nearby are the Georgia International Convention Center (7 miles) and Camp Creek Marketplace (8 miles), as well as family-friendly attractions like the World of Coca-Cola and the Children's Museum of Atlanta. The property's prime location also places it within walking distance to Union City’s local shopping and dining hubs. Location Highlights: 1. Interstate & Highway Access - the property offers easy access from Interstate?85 via nearby exits, connecting seamlessly to Downtown Atlanta, Hartsfield–Jackson airport, and surrounding suburbs. 2. Proximity to Airport - approximately 10 miles from Hartsfield–Jackson Atlanta International Airport, the world’s busiest airport—roughly a 15- to 18-minute drive. 3. Distance to City Center - about 20 miles from Downtown Atlanta, including attractions such as the Georgia Aquarium and World of Coca-Cola—typically a 25–30 minute drive. 4. Nearby Shopping & Local Amenities - Shannon Southpark Mall is within a few minutes’ walk, offering retail and dining option. 5. Regional Attractions - Six Flags Over Georgia 20 miles away) in Austell - Georgia Aquarium, Zoo Atlanta, Georgia Dome, and CNN Center are roughly 20 miles away in Midtown Atlanta 6. Community & Recreation Features - nearby destinations include Ronald Bridges Park (2 miles), Christian City nonprofit campus (3 miles), Southwind Golf Club (6 miles), and Wolf Creek Amphitheater (9 miles) Union City, located just southwest of Hartsfield-Jackson Atlanta International Airport, is a community undergoing significant transformation. Its developments are strategically designed to capitalize on its proximity to the world's busiest airport and major interstates, which directly impacts the demand for hotels. Here are the developments coming to Union City that could drive hotel business in the area: Major Industrial and Logistics Growth Union City is a key logistics and industrial hub for the Atlanta metro area. The development of large-scale distribution centers and warehouses is a primary driver of hotel business. New Speculative Industrial Facilities: Companies like Stream Realty and Link Logistics have been completing new speculative distribution centers in the area, such as the Union City Logistics Center. These facilities, built without a specific tenant in place, are a bet on the area's growth. Once leased, they bring in a steady stream of corporate employees, contractors, and visitors for training, setup, and ongoing operations. Corporate Relocations: The city has been successful in attracting major companies like PAC Worldwide, a packaging manufacturer, to set up operations. These new facilities create hundreds of jobs and generate significant business travel, as corporate executives and engineers visit the site for meetings and oversight. Residential and Community Revitalization The city's "Reclaim, Renew, Reimagine" (R3) Master Plan is a key driver of long-term growth and is designed to create a more livable and attractive community. New Home Construction: There is a boom in new home construction in Union City, with multiple new communities and subdivisions being developed by builders like D.R. Horton and Direct Residential Communities. This influx of new residents leads to a direct increase in demand for hotel rooms as friends and family come to visit. Shannon Parkway Streetscape Project: The city has secured grant funding to make significant streetscape improvements along Shannon Parkway. The project will include a new multi-use trail, sidewalks, lighting, and landscaping. This type of project enhances the area's aesthetic appeal and safety, encouraging more foot traffic and making the area more inviting for visitors, which benefits local businesses, including hotels. Mixed-Use and Commercial Development: The R3 Master Plan's "Reimagine" zone is focused on creating a dense, walkable urban village with a mix of residential, retail, office, and hotel spaces. This type of mixed-use development creates a destination in itself, drawing both business and leisure travelers who want to be in a vibrant, amenity-rich environment. Proximity to the Airport and Key Attractions Union City's location is its greatest asset. The developments mentioned above, combined with its existing assets, make it a favorable location for hotel business. Hartsfield-Jackson Atlanta International Airport (ATL): As one of the closest communities to the airport, Union City benefits from overflow business from travelers who prefer to stay outside the immediate airport area for a potentially lower price or different amenities. Georgia International Convention Center (GICC): Located in neighboring College Park, the GICC hosts a continuous stream of events, conferences, and conventions. Union City hotels can capture a portion of the lodging demand from these events. South Fulton Parkway: This major corridor is home to numerous industrial and corporate parks. The continued development along this route ensures a steady flow of business travelers who need convenient lodging. Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$194 USD /SF

# OF ROOMS

65

PRICE/ROOM

$104,615 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stay Express Inn & Suites Union City Atlanta

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2001

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,189 SF

ZONING

GC

APN/PARCEL ID

09F-1503-0063-245-0

ASK ABOUT THIS PROPERTY

Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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