200 The Mall Way - Hospitality FOR SALE


Jasper, AL 35504
$3,600,000 USD
561-227-4513
200 The Mall Way, Jasper, AL for Sale
$3,600,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

200 The Mall Way
Jasper, AL 35504


HIGHLIGHTS

  • The property has been extensively renovated between 2021 and 2024, with minimal Property Improvement Plan (PIP) costs for the new owner.
  • A +/- 7,000 sq. ft. space on the third floor is currently being used for storage, offering potential for conversion into a manager’s suite.
  • The property is ideally suited for an owner-operator acquisition, with opportunities to increase RevPAR through hands-on management.
  • Jasper, Alabama, is home to a large agriculture market, including coal, timber, and poultry processing industries.
  • Popular area for outdoor sporting activities such as fishing, boating, and watersports at the nearby Lewis Smith Lake.

OVERVIEW

Cushman & Wakefield’s Hotel Group has been retained as the sole and exclusive advisors to market for sale the fee simple interest in the 60-Room SureStay by Best Western in Jasper, Alabama – which is located approximately ~ 40 miles from Birmingham, AL, ~ 55 Miles from Tuscaloosa, AL, and ~ 92 miles from Huntsville, AL . The 60-room SureStay by Best Western, located at 200 The Mall Way in Jasper, Alabama, is being offered for sale with a pricing guidance of $3,600,000. The property, which includes 59 rentable rooms and one converted to laundry/vending, has undergone extensive renovations between 2021 and 2024, leaving minimal Property Improvement Plan (PIP) costs for the new owner. The hotel also features a +/- 7,000 sq. ft. space on the third floor, currently used for storage, that could be converted into a manager’s suite. Located off Interstate-22, the property is ideally positioned for an owner-operator acquisition, with the potential to increase RevPAR through hands-on management. The area is supported by a strong agriculture market, including coal, timber, and poultry processing, as well as a popular outdoor sporting market centered around fishing, boating, and watersports at nearby Lewis Smith Lake. Please contact Jesse Lastofsky with Cushman & Wakefield for more details at 561.699.1513 or email Jesse.Lastofsky@cushwake.com

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$124 USD /SF

# OF ROOMS

60

PRICE/ROOM

$60,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SureStay by Best Western Jasper

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1988

PARKING SPACES

86

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,904 SF

ZONING

OT

APN/PARCEL ID

17-02-04-4-000-001-0070

ASK ABOUT THIS PROPERTY

Jesse LastofskyCushman & WakefieldMore Info
561-227-4513

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Jesse LastofskyCushman & WakefieldMore Info
561-227-4513

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