4815 University Dr NW - Hospitality FOR SALE


Huntsville, AL 35816
$9,700,000 USD
949-432-4502
4815 University Dr NW, Huntsville, AL for Sale
$9,700,000 USD
Hospitality - FOR SALE
1/11
null | 7.53% Cap Rate

4815 University Dr NW
Huntsville, AL 35816


HIGHLIGHTS

  • MULTIPLE DEMAND DRIVERS – Hotel is located on University Drive close to major attractions such as the U.S Space & Rocket Center, Redstone Arsenal.
  • PROVEN REVENUE – Hotel has averaged $2.96 million in revenue over the past three years
  • AMENITIES – The hotel offers interior and exterior corridor rooms and includes a complimentary breakfast, fitness center, business center.
  • GROWING MARKET – Huntsville has experienced a 20% population growth from 2010-2020 and its GDP has increased ±4.5% annually in recent years.
  • POTENTIAL FOR REVENUE GROWTH – Current owner operates at 70% of the comp set RGI RevPAR.

OVERVIEW

***Offer Deadline: December 6th, 2024*** Contact Broker to submit offers or arrange a tour. Mitchell Glasson and Luke Whittaker of Matthews Real Estate Investment Services are pleased to present an exceptional opportunity to acquire the Clarion Pointe featuring 154 keys (Interior and Exterior corridor) with proven real estate fundamentals in Research Park. The hotel has proven revenue, bringing in an average of $2,960,000 over the past three years. Located on University Dr which sees 55,000+ vehicles per day and just two (2) minutes away from the University of Huntsville in Alabama – this hotel is in a prime location. Multiple Fortune 500 companies within the aerospace and technology sectors reside in the Research Park including Boeing, Northrop Grumman, and Lockheed Martin. CORPORATIONS -NASA: Home to the Marshall Space Flight Center -Redstone Arsenal: A major military installation that houses several defense contractors -Northrop Grumman: Focused on aerospace and defense technologies -Raytheon Technologies: Focused on aerospace and defense technologies -Lockheed Martin: Involved in missile defense and aerospace systems TOURISM & LEISURE | KEY ATTRACTIONS AND EVENTS -US Space & Rocket Center: A must-visit for anyone interested in space exploration, featuring exhibits on NASA’s history, rockets, and space travel, along with an IMAX theater -Huntsville Botanic Garden: A beautiful, expansive garden with walking trails, themed gardens, and seasonal events perfect for a leisurely stroll or family outing. -Monte Sano State Park: Offers hiking, biking, and camping opportunities with stunning views and diverse trails, ideal for outdoor enthusiasts -Huntsville Museum of Art: Showcases regional and national art, hosting various exhibits and educational programs -Burritt on the Mountain: A historic park featuring a mansion, gardens, and nature trails as well as cultural events and festivals -Bridge Street Town Center: Outdoor shopping and dining area with a range of shops, restaurants, and entertainment options HIGHER EDUCATION -University of Alabama in Huntsville: A public university known for its engineering, science, and business degrees located just two minutes from the hotel -Alabama A&M University: A historically black university known for its emphasis on agriculture, engineering, and education -Calhoun Community College: Provides associate degrees, technical programs, and workforce development training -Oakwood University: A private, Seventh-Day Adventist institution that offers programs with a focus on liberal arts and sciences Broker of Record Kyle Matthews License No. 000110253 - 0 (AL) (866) 889-0550 Matthews Real Estate Investment Services, Inc 1600 West End, Ste. 1500 Nashville, TN 37203

FOR SALE DETAILS

PRICE

$9,700,000 USD

PRICE/SF

$122 USD /SF

# OF ROOMS

154

PRICE/ROOM

$62,987 {currency}

CAP RATE

7.53%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clarion Pointe Huntsville Research Park

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1986

PARKING SPACES

115

LAND DETAILS

LAND ACRES

2.46 AC

LAND SF

107,158 SF

ZONING

C-4

APN/PARCEL ID

14-09-32-2-000-049.000

ASK ABOUT THIS PROPERTY

Mitchell GlassonMatthews Real Estate Investment ServicesMore Info
949-432-4502

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Mitchell GlassonMatthews Real Estate Investment ServicesMore Info
949-432-4502

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