5601 Carmichael Rd - Hospitality FOR SALE


Montgomery, AL 36117
$3,000,000 USD
404-398-2090
5601 Carmichael Rd, Montgomery, AL for Sale
$3,000,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

5601 Carmichael Rd
Montgomery, AL 36117


HIGHLIGHTS

  • Two Manager's Apartment, one with Full Size Kitchen Bedroom, Dining, and Living Room
  • Kitchenette Rooms Available
  • Located right off the Interstate I-85. Just 7 miles from Downtown Montgomery.
  • Close proximity to all demand generators. Bank Financing Available.
  • Great Property for Multifamily Apartment Conversion Opportunity
  • Quick Zoning Approval Change can be anticipated from the City

OVERVIEW

Sunrise Extended Stay Hotel is located right off Interstate I-85 in the city center and near the airport. The hotel is just 7 miles from Downtown Montgomery and 6 miles from Alabama State University. The hotel is perfectly situated for exploring Montgomery City Center, just within 2 miles from the hotel is Wynton Blount Cultural Park, Carolyn Blount Theatre, and Alabama Shakespeare Festival. Educational venues in the area include the private Christian Faulkner University (2.1 miles) and Auburn University at Montgomery (2 miles). There is Montgomery Museum of Fine Arts 0.7 miles away from this hotel. Conveniently situated in the Young Place part of Montgomery, Alabama, this property is close to attractions and interesting dining options such as Montgomery Museum of Fine Arts (1.2 miles) and Alabama Shakespeare Festival (1.5 miles) are cultural highlights, and some of the area's activities can be experienced at Capitol Hill Golf Course and RTJ Golf Trail (17 miles) at Capitol Hill. Civil Rights Memorial is 6.3 miles from the hotel, while Dexter Avenue Baptist Church is 6.4 miles from the property. The nearest airport is Montgomery Regional Airport, 14.4 miles from the hotel. Location Highlights: Sunrise Extended Stay Hotel, an exceptional investment prospect strategically situated at 5601 Carmichael Rd in the thriving city of Montgomery, Alabama. Impeccably positioned, this establishment offers an array of distinguished location highlights that underscore its credentials as a compelling investment venture in the competitive hospitality landscape. The Sunrise Extended Stay Hotel benefits from a prominent presence on Carmichael Rd, a pivotal artery that ensures unparalleled accessibility. Its strategic location in close proximity to major thoroughfares, including routes connecting to Montgomery Regional Airport, downtown Montgomery, and pivotal business corridors. The hotel's proximity to prominent business hubs and corporate centers facilitates an enduring demand for extended stay accommodations from the business travellers. Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$81 USD /SF

# OF ROOMS

98

PRICE/ROOM

$30,612 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunrise Extended Stay Hotel - Montgomery

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1988

PARKING SPACES

85

LAND DETAILS

LAND ACRES

2.4 AC

LAND SF

104,544 SF

ZONING

B-3

APN/PARCEL ID

10-06-13-4-003-001.010

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.