32810 Highway 43 - Hospitality FOR SALE


Thomasville, AL 36784
$570,000 USD
239-821-3178
32810 Highway 43, Thomasville, AL for Sale
$570,000 USD
Hospitality - FOR SALE
1/14
null | 13.66% Cap Rate

32810 Highway 43
Thomasville, AL 36784


HIGHLIGHTS

  • Good visibility
  • Phase I of highway widening towards Tuscaloosa has initiated
  • New roof 2020
  • 2024 New exterior LED sign installed
  • New locks 2021
  • Growing community

OVERVIEW

PRICE ADJUSTMENT & Assumable 3.75% loan ! Sunset Inn, independent, exterior corridor hotel in Thomasville AL, being offered for sale. The property sits on a 1 acre parcel on Hwy 43. It is 2 story, with 24 rooms, separate building with office, 2 bedroom apartment, additional 2 bedroom apartment with full kitchen. 6 rooms have access to 4 kitchenettes. 4 of the rooms and 4 kitchenettes are currently used as storage and need updating. The property was built in 1960, updated in 2013. Roof replaced in 2020 with upgraded shingles. Current owner has operated the hotel the past 11 years without significant online presence and no marketing. Multiple opportunities to increase revenue. Currently setup to accept credit cards and cash payments. Thomasville, although a small town has a growing business climate with their main industry drivers being: wood processing plants, metal processing, piping plants, a revitalized historic downtown and fall hunting season that attracts many regular visitors. The newly initiated Phase I of West Alabama Corridor Project will be a four lane highway connecting Tuscaloosa to Mobile AL, via Thomasville. This is a great opportunity for new owner to be a part of a growing business community.

FOR SALE DETAILS

PRICE

$570,000 USD

PRICE/SF

$48 USD /SF

# OF ROOMS

21

PRICE/ROOM

$27,143 {currency}

CAP RATE

13.66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunset Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

37

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

C

APN/PARCEL ID

10-06-14-4-000-074.000

ASK ABOUT THIS PROPERTY

Charlotte JonesKW CommercialMore Info
239-821-3178

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Charlotte JonesKW CommercialMore Info
239-821-3178

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