4874 Old National Hwy - Hospitality FOR SALE


College Park, GA 30337
$6,000,000 USD
404-398-2090
4874 Old National Hwy, College Park, GA for Sale
$6,000,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

4874 Old National Hwy
College Park, GA 30337


HIGHLIGHTS

  • Well Built Solid Concrete Building, Land Size: 2.35 Acres, 2 Manager's Quarter
  • 60 Rooms are Renovated and Rentable Condition, Other 60 Rooms are closed for renovation, Seller is currently in process of Renovation with the Second
  • Bank Financing Available
  • Potential Additional Airport Parking Income
  • Potential Billboard Income
  • Owner Financing Available to Qualified Investors with 20% Downpayment

OVERVIEW

3 Miles from Atlanta International Airport. Premium Interstate Location with Excellent Visibility Off the Interstate. Located Right Off the Exit The Hotel is adjacent to two major highways, I-85 and I-285, and sits adjacent to from the World's Busiest Airport Hartsfield Jackson, only minutes from Downtown Atlanta and 2.2 miles from Georgia International Convention Center. Opportunity to enter one of the most prominent and well-recognized markets of Atlanta being adjacent to the world's busiest airport. With an expected increase in demand to the area and an overall reduction of supply, a new owner should be able to drive higher RevPAR and significantly increase cash flow to the bottom line. Incredible Value Add Opportunity In Atlanta Market Property Highlights: 1. Prime Downtown Location – Located in the heart of Atlanta, the hotel offers easy access to the city's vibrant business district, shopping, dining, and entertainment options. The hotel is approximately 13 miles from Downtown Atlanta. 2. Proximity to Major Attractions – 14 miles from the Georgia Aquarium, 15 miles from World of Coca-Cola, and 12.8 miles from Centennial Olympic Park, the hotel places near Atlanta’s top attractions. 3. Convenient Access to Transportation – Located near major highways and public transportation, the hotel is about 3 miles from Hartsfield-Jackson Atlanta International Airport, making travel convenient. 4. Business-Friendly Amenities – Situated close to the Georgia World Congress Center, 14.4 miles away, and other corporate offices, making it a great choice for those attending conferences, conventions, and meetings. 5. Cultural Hotspot – With easy access to museums, theaters, and music venues, the hotel is about 14.2 miles from the Fox Theatre, and 21.6 miles from the Atlanta History Center. 6. Green Space and Outdoor Activities – For outdoor enthusiasts, the Atlanta BeltLine is just 14.6 miles away, offering cycling, walking, and jogging opportunities, while Piedmont Park is only 16.3 miles from the hotel. Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$130 USD /SF

# OF ROOMS

120

PRICE/ROOM

$50,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rashelle Hotel Atlanta - GA

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1979

PARKING SPACES

105

LAND DETAILS

LAND ACRES

2.35 AC

LAND SF

102,366 SF

ZONING

C2, CP

APN/PARCEL ID

13-0061-LL-137-0

ASK ABOUT THIS PROPERTY

Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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