2690 Riverside Dr - Hospitality FOR SALE


Macon-Bibb, GA 31204
$2,400,000 USD
239-821-3178
2690 Riverside Dr, Macon-Bibb, GA for Sale
$2,400,000 USD
Hospitality - FOR SALE
1/15
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2690 Riverside Dr
Macon-Bibb, GA 31204


HIGHLIGHTS

  • 112 rooms + 8 rooms used for apartments
  • Interior Corridor
  • Off I-75
  • 75 Miles South of Atlanta
  • Renovated 2018 - 2022
  • Midway point between Atlanta and Savannah

OVERVIEW

New Management, upward trending revenue ! Red Carpet Inn 112 + 8 room hotel being offered for sale. Two and 3 three story interior corridor hotel on the north side of Macon, strategically located off I-75 within close proximity to all demand generators. Additional 8 rooms are currently used for 3 manager apartments, total of 120 rooms. Built in 1987, renovated in 2018-2022. Renovations included: exterior lighting, sign, computer system, carpet, locks, furniture, lamps, flatscreen TV’s, mattresses, microwave & refrigerator, PTAC’s, interior and exterior paint. Amenities include: complimentary breakfast, guest laundry, vending machines , courtyard pool and large conference room. Franchise agreement was just renewed for an additional 5 years. Macon is considered “The Heart of Georgia” and a midway point between Savannah and Atlanta. It is surrounded by 3 interstate highways: I-75, I-16 and I-475. Atlanta’s Hartsfield Jackson International Airport just 75 miles north.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$55 USD /SF

# OF ROOMS

110

PRICE/ROOM

$21,818 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Carpet Inn Macon

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

120

LAND DETAILS

LAND ACRES

2.37 AC

LAND SF

103,237 SF

ZONING

C4

APN/PARCEL ID

O054-0140

ASK ABOUT THIS PROPERTY

Charlotte JonesKW CommercialMore Info
239-821-3178

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Charlotte JonesKW CommercialMore Info
239-821-3178

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