2702 N Monroe St - Hospitality FOR SALE


Tallahassee, FL 32303
$6,475,000 USD
727-871-5876
2702 N Monroe St, Tallahassee, FL for Sale
$6,475,000 USD
Hospitality - FOR SALE
1/19
null | 12% Cap Rate

2702 N Monroe St
Tallahassee, FL 32303


HIGHLIGHTS

  • Contemporary Hotel for Sale in the Heart of Tallahassee Florida
  • 58 Rooms I 3 Stories I Interior Corridor
  • Newly Renovated Artistic Hotel
  • Last 3 Years Room Revenue Average of $1,750,000+
  • 2024 Revenue: $1,786,000 / 3.6x RRM

OVERVIEW

Contemporary Hotel for Sale in the Heart of Tallahassee Step into a modern oasis that offers guests the perfect blend of comfort, convenience, and style. This turnkey 58-room hotel is an excellent opportunity for investors seeking a prime property with strong potential in Florida’s vibrant capital city. Guest Experience Highlights    •   Begin the day with a delightful breakfast while staying connected at our convenient business portals or charging stations.    •   Maintain your wellness routine in the fully equipped fitness center or unwind in the serene ambiance of the back patio.    •   Each room is thoughtfully designed, featuring:       •   Mini fridge and microwave for added convenience.       •   Dimmer lights and a sleep sound alarm clock to enhance relaxation.       •   Ample ports for device connectivity.       •   Refreshed bedding, sleek furniture, and updated bathrooms, all curated to deliver a modern, comfortable stay. Investment Highlights    •   58 Modern Rooms: Uniquely designed with contemporary amenities that cater to the needs of today’s travelers.    •   Prime Location: Situated near key attractions including the Capitol, universities, stadiums, museums, parks, and other major landmarks, ensuring a steady flow of guests.    •   Renovation Completed: Recently underwent a complete renovation to meet current market standards. No Property Improvement Plan (PIP) required.    •   High Revenue Potential: Opportunities to increase Net Operating Income (NOI) by implementing cost-efficient strategies in operations, management, and supply chain processes.    •   Proven Reputation: Established clientele and exceptional service record offer a strong foundation for continued success. This is an exceptional opportunity to own a hotel in a prime market with no additional capital expenses needed. Ideal for investors looking to expand or establish their portfolio in a thriving destination. * Since this is an operating hotel, please do not visit the property without prior schedule. A property representative can prepare a walk through for you.

FOR SALE DETAILS

PRICE

$6,475,000 USD

PRICE/SF

$280 USD /SF

# OF ROOMS

58

PRICE/ROOM

$111,638 {currency}

CAP RATE

12%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clarion Pointe Tallahassee-State Capitol

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1988

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

CP

APN/PARCEL ID

21-23-20-009-000.0

ASK ABOUT THIS PROPERTY

Neil PatelMonroe Hospitality Group LLCMore Info
727-871-5876

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Neil PatelMonroe Hospitality Group LLCMore Info
727-871-5876

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