786-772-0718
7516 W Newberry Rd, Gainesville, FL for Sale
Hospitality - FOR SALE
1/4
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7516 W Newberry Rd
Gainesville, FL 32606
Northwest Gainesville


HIGHLIGHTS

  • Underperforming on STR Comp Set By 18%
  • Operated By An Absentee Owner With No Management Company
  • Zoning Allows For 202 Room Student Housing Redevelopment Play
  • Property Has Accommodated Non-Revenue Construction Employees Working On Nearby Ownership Projects

OVERVIEW

Kabani Hotel Group, as the exclusive representative of the seller, is pleased to present the Quality Inn University North I-75 for sale. This 101-room exterior corridor hotel is ideally situated with direct access to Interstate 75 and is just minutes from the University of Florida and the Oaks Mall, benefiting from the strong demand generated by one of the nation’s most recognized public universities. With absentee ownership and no professional management in place, the hotel has significantly underperformed, presenting a compelling value-add opportunity for a new investor or owner-operator to implement active management, optimize operations, and reposition the asset to capture the area’s strong lodging demand. The property has accomodated non-revenue construction employees working on nearby ownership projects. Additionally, the parcel has received zoning approval for redevelopment into a 202-unit student housing project, providing prospective buyers with significant optionality for future use.

FOR SALE DETAILS

PRICE

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# OF ROOMS

101

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn University North I 75 Gainesville

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1972

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,415 SF

ZONING

BH

APN/PARCEL ID

06331-002-001,06331-002-002

ASK ABOUT THIS PROPERTY

Suraj DalalKabani Hotel Group Inc.More Info
786-772-0718

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Suraj DalalKabani Hotel Group Inc.More Info
786-772-0718

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