Description
Perfect location for a hotel " HIGH visibility on the corner of I-65 and Highway 31 in Hoover. This is a 34 room 2 story motel with 9 interior rooms and 25 exterior rooms. 10 rooms are double beds, 22 are king beds and 2 are full sized beds. The motel is currently operating and tend to sell out on Friday and Saturday nights. There are two restaurants on site that lease from the current motel owners. Current owners have put refrigerators and microwaves in every room, replaced all mattresses and bedding, repainted and put in new flooring as well as new fire sprinklers and smoke alarms - $100,000 into capital improvements. Current owners do have an agreement with Econo Lodge but this can be revoked if new owners chooses to run under a different platform. LOCATION, LOCATION, LOCATION!! This could also be the perfect location for a Medical Office Building, Business Office, or start with a clean slate and build a brand new building. The possibilities are endless.
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0BEDS
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1.71ACRES
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0BATHS
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01/2 BATHS
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19,940SQFT
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$155$/SQFT
School Ratings & Info
Listing provided courtesy of Keller Williams Realty Hoover.
© 2024 Greater Alabama MLS.Description
Perfect location for a hotel " HIGH visibility on the corner of I-65 and Highway 31 in Hoover. This is a 34 room 2 story motel with 9 interior rooms and 25 exterior rooms. 10 rooms are double beds, 22 are king beds and 2 are full sized beds. The motel is currently operating and tend to sell out on Friday and Saturday nights. There are two restaurants on site that lease from the current motel owners. Current owners have put refrigerators and microwaves in every room, replaced all mattresses and bedding, repainted and put in new flooring as well as new fire sprinklers and smoke alarms - $100,000 into capital improvements. Current owners do have an agreement with Econo Lodge but this can be revoked if new owners chooses to run under a different platform. LOCATION, LOCATION, LOCATION!! This could also be the perfect location for a Medical Office Building, Business Office, or start with a clean slate and build a brand new building. The possibilities are endless.
© 2024 Greater Alabama MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or The Fred Smith Group | RealtySouth.
Data last updated: 2024-12-05T00:31:16.317.