$ 4,000,000
316 South Main St Statesboro, GA 30458
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Listed by Piyusha Zope • Virtual Properties Realty.com
$ 4,000,000
Est. payment | /mo
1.33 Acres Lot
$ 4,000,000
Est. payment | /mo
1.33 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 10384523
Construction Status Resale
Year Built 1991
Annual Tax Amount $30,000
Tax Year 2023
Lot Size 1.330 Acres
Property Description
The Red Roof Inn, ideally situated just 3 miles from Statesboro University, has been recently renovated. It boasts a brand-new roof with a 15-year warranty and 15 rooms upgraded to standing showers. Out of 65 available rooms, 10 are suites, and 2 are designated for housekeeping. The property generates $870k in gross annual revenue, with an Average Daily Rate (ADR) of $65 and an occupancy rate between 60% to 65%. Interested parties should contact the listing agent The price is negotiable, and private loans have been pre-approved. Viewings are by appointment only and the business is currently staffed by employees.
Location
State GA
County Bulloch
Zoning HOC
Interior
Heating Forced Air
Cooling Other
Flooring Carpet, Other, Vinyl
Exterior
Garage Parking Lot
Garage Spaces 100.0
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Roof Type Metal
Building
Sewer Public Sewer
Construction Status Resale
Others
Acceptable Financing Other
Listing Terms Other
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Andrea Smith
Broker | License ID: 383400
5555 Glenridge Conn Ste. 200, Atlanta, Georgia, 30342, United States