1134 US Highway 80 - Hospitality FOR SALE


Selma, AL 36701
$380,000 USD
334-672-2961
1134 US Highway 80, Selma, AL for Sale
$380,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

1134 US Highway 80
Selma, AL 36701


OVERVIEW

Prime Investment Opportunity in Selma, AL. Craig Motel has been a 1 owner operated and maintained for 34 years. A total of 29 rooms include a microwave, refrigerator, LED TV, cable and internet. 1 room with kitchenet, 1 apartment style and 1 with full kitchen, larger bath and 3 double beds. 2 storage rooms. Main office/apartment 2 bedrooms, Full kitchen, 2 Full baths Walk in storage/closet and Living Room. Renovations; roof - 2020, HVAC - 2020, Water Heater -2022 . West Unit renovations; Roof- 2018, Water Heater- 2018. East Unit renovations; Roof- 2019, Water Heater- 2021. 15 Heating and cooling units were installed in 2021 throughout. Laundry area located in West unit with 2 washers and dryer. 35 parking spaces Credit Card processor Ice machine #1 in AL for Capital Investing! With no shortage in history, Selma was the 1st state capitol, footsteps of the voting Rights Movement and major landmarks. With Easy access to major north south and east west travel corridor including Int 85 & 65 & Hwy 80 facilitating easy travel to other parts of the state and region. Close to 18,000 in population, industrial jobs and rich in history. Housing and Land prices, everyday expenses and utilities tend to be more affordable compared to nearby cities and regional metropolitan areas. Only 37 mins to Montgomery Regional Airport Owner Financing Available! Investors submit best offer, as no pricing guidance is given. Not all offers will be countered. All offers must include price, amount of EM, proof of funds, appropriate terms, inspection timelines, a list of due- diligence required from the receiver, a list of contingencies and relevant real estate experience.

FOR SALE DETAILS

PRICE

$380,000 USD

PRICE/SF

$31 USD /SF

# OF ROOMS

29

PRICE/ROOM

$13,103 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Craig Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.38 AC

LAND SF

103,673 SF

ZONING

C-1

APN/PARCEL ID

15-03-06-3-003-022.0000

ASK ABOUT THIS PROPERTY

Chelsea PerryReality Real EstateMore Info
334-672-2961

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Chelsea PerryReality Real EstateMore Info
334-672-2961

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.