Hotel For Sale • 51,167 SF
146 Rooms, 5 Story Concrete Construction Hotel, Zoned for Hospitality or Multifamily Apartments; Located in Opportunity Zone |
Completely Renovated: New Electrical, Plumbing, Mechanical, and More. Certificate of Occupancy Date: October/November 2024 |
Seller is Developer and Not an Operator, Highly Motivated to Sell Prior to Opening - ALL Offers Encouraged for Buyers with at least 20% Down |
Brand New Kitchenettes in Each Room including Stove Top, Refrigerator, Sink, and Microwave; Total Cost of CapEx Completed: $4,538,000 |
Pro Forma Revenues of $2,916,652 and Net Income of $1,251,192 in Year 1 ; Several Flags Available with Potential Key Money Incentives |
Located 2 Minutes from Birmingham-Shuttlesworth International Airport (BHM) with Excellent Access to Interstate 20 and 59 |
Commuter Rail | Drive | Walk | Distance |
---|---|---|---|
Birmingham (Crescent - Amtrak) | 6 min | - | 3.6 mi |
Airport | Drive | Walk | Distance |
Birmingham-Shuttlesworth International | 3 min | - | 1.7 mi |
Parking Available: | Yes |
Reserved: | No |
Spaces Provided: | 150 |
Type: | Surface |
Included in Rent: | Yes |