761 US Highway 431 - Hospitality FOR SALE


Boaz, AL 35957
$2,700,000 USD
786-772-0718
761 US Highway 431, Boaz, AL for Sale
$2,700,000 USD
Hospitality - FOR SALE
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761 US Highway 431
Boaz, AL 35957


OVERVIEW

Kabani Hotel Group, as the exclusive representative of the seller, is pleased to present The Econo Lodge Boaz for sale. This 36-room, interior-corridor hotel provides convenient access to US Highway 431, as well as major attractions including Sand Mountain Park & Amphitheater, Noccalula Falls, and Jules J. Berta Vineyards. Featuring stellar reviews and a history of diligent upkeep, the property requires only a limited Property Improvement Plan (PIP) for future ownership and boasts a private 3/2 manager’s apartment that is ideal for an owner-operator. Acquiring this asset and implementing hands-on, active management presents a compelling value-add opportunity for prospective buyers.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$44 USD /SF

# OF ROOMS

36

PRICE/ROOM

$75,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Boaz

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

2000

PARKING SPACES

101

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

Commercial

APN/PARCEL ID

250306-1-001-110000,250306-1-001-110006

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.