This Property is no longer advertised on Showcase.com.
Off Market
1/18

85 River Park Dr
Midway, FL 32343


HIGHLIGHTS

  • Offered at an 13.85% Cap Rate
  • Minimal Change of Ownership PIP
  • 2005 Construction / Interior Corridor Hotel
  • Price Per Key - $69,811 - Ideal Room Count for an Owner-Operator
  • Situated Directly off US-90 & Interstate 10

OVERVIEW

Property Highlights: • 53-Room Country Inn & Suites by Radisson • 2005 Construction / Interior Corridor Hotel • Ideal Room Count for an Owner-Operator • Minimal Change of Ownership PIP • On-Site Amenities Include an Outdoor Pool, Breakfast Seating Area, Fitness Center, Business Center, and High-Speed Internet Location Highlights: • Situated Directly off US-90 & Interstate 10 • 9 Miles from Florida State University • 10 Miles from Florida State Capitol • Located in the Tallahassee Metropolitan Statistical Area Financial Highlights: • Offered at a 3.49x Room Revenue Multiplier • YE 2019 Room Revenue of $1,061,184 • YE 2019 NOI of $512,557 • Offered at an 13.85% Cap Rate • Price Per Key - $69,811 • Room for Growth in ADR - Currently Ranked 6 of 6 • SBA Financing Available

FOR SALE DETAILS

PRICE

-

# OF ROOMS

-

CAP RATE

-

BUILDING DETAILS

PROPERTY NAME

Country Inn & Suites by Radisson

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

28669

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2005

PARKING SPACES

55

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

COM

APN/PARCEL ID

4-15-1N-2W-0000-00420-0200