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Available For Sale - Hospitality

43,194 SF | Show Pricing $

AVAILABILITY DETAILS

Size
43,194 SF
Price/SF
Show Pricing $
Listing ID
SA429982
Notes
Rodeway Inn, exterior corridor hotel being offered for sale. A total of 120 rooms with 96 rooms being used for guests. 50 rooms open and renovated, at 50% occupancy, on weekends close to 100% occupancy. 46 rooms in the process of being renovated. All rooms include refrigerator & microwave, 46 rooms will include stove top for extended stay guests. Priced below replacement cost at $1,900,000. 3 room managers apartment with 2 bathrooms, undergoing renovation. Additional rooms being used for storage. Exterior paint, new roof and canopy will be completed. Option for new buyer to complete some items. Daily, weekly and monthly rates. Several guests are extended stay. Additional new income - separate front building close to completed renovation of restaurant/sports bar with game room. One year lease in place. The property sits on 3.2 acres within walking distance to restaurants. Off I-95, 25 miles north of Jacksonville FL International Airport.
Uses
Hospitality

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Charlotte Jones, Tallahassee
BRE# 334942