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316 S Main St

Statesboro , Georgia 30458

Listing Type:
For Sale
Listing Price:
$1,900,000.00
Property Type:
Hotel and Motel
Property Subtype:
Economy
Year Built:
1991
Listing Status:
Active
Building Size:
33000 SqFt
Land Area:
1.33 Acres

Description:

Red Roof Inn located in historic Statesboro, GA in an Opportunity Zone. The hotel is 2 stories, exterior corridor, with 59 rooms. PIP and renovation completed in 2018 & 2019 with minimal pip for new buyer. Buyer has option to keep or change the brand. Priced below replacement cost at $1,900,000, $32,200 per room. 2019 revenue reached $526,000. Franchise agreement initiated June 2016 for 10 years, with 5 year window. Manager apartment with 2 bedrooms and 2 bathrooms. Growing community with 35,000+ residents and new developments planned for the area. Bank is ready to finance the hotel.
In Opportunity Zone
Newly renovated
New brand available

Presented by:

Kahle Commercial  Group

a KW Commercial office

(904) 541-0700

Click here to email

Listed by:

Keller Williams Realty Atlanta Partners

Atlanta - Peachtree City

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