This Property is no longer advertised on Showcase.com.
Off Market
1/19

7019 Commonwealth Ave
Jacksonville, FL 32220


HIGHLIGHTS

  • 64-Room Comfort Suites by Choice Hotels
  • Significant Renovations Completed from 2017-2019
  • Situated Directly Off of Interstate 295 - Ideal Mix of Both Leisure and Corporate Business
  • Healthy RevPAR of $83.00 - YE 2019
  • Opportunity for Significant Cash Flow due to $30k+ Revenue Per Room
  • YE 2019 NOI of $637,970 - Offered at an 9.52% Cap Rate

OVERVIEW

Property Highlights: • 64-Room Comfort Suites by Choice Hotels • Close Proximity to Multiple Diverse Demand Generators • Significant Renovations Completed from 2017-2019 • Located in Jacksonville, FL - the Most Populous City in Florida • On-Site Amenities Include an Outdoor Pool, Breakfast Seating Area, Guest Laundry, Meeting Space, and High-Speed Internet • Ideal Room Count for an Owner-Operator Location Highlights: • Situated Directly Off of Interstate 295 • 5 Miles from Prime F. Osborn III Convention Center • 8 Miles from Downtown Jacksonville and TIAA Bank Field • 10 Miles from Times Union Center for Performing Arts and the Riverwalk • 15 Miles from Jacksonville International Airport • 30 Miles from Jacksonville Beach • Ideal Mix of Both Leisure and Corporate Business Financial Highlights: • Healthy RevPAR of $83.00 - YE 2019 • Offered at a 3.46x Room Revenue Multiplier • Opportunity for Significant Cash Flow due to $30k+ Revenue Per Room • YE 2019 Room Revenue of $1,938,871 • YE 2019 NOI of $637,970 • Offered at an 9.52% Cap Rate

FOR SALE DETAILS

PRICE

-

# OF ROOMS

-

CAP RATE

-

BUILDING DETAILS

PROPERTY NAME

Comfort Inn & Suites West Jacksonville

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

37788

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2007

PARKING SPACES

-

LAND DETAILS

LAND ACRES

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LAND SF

-

ZONING

CCG-1

APN/PARCEL ID

004943-1010