Motel Property With In Downtown Albany For Sale

Description

Hotel with Owner's Residence – Albany, GA75 rentable rooms. Trailing 12 month revenue 326,372 dollars. Occupancy 29.1 percent. Average daily rate 50 dollars. Weekly rate 230 dollars.Includes manager's apartment and 5 bedroom owner's residence. Total potential 90 rooms by reclaiming storage.Most guests are weekly stays or local. Franchise agreement ending. Run independently with no royalties.Asking 29,000 dollars per key. Seller take home 117,000 dollars yearly. Seller lives onsite and manages front desk. Liquor store opening soon.Property 1.5 acres. 37,202 square feet. Traffic 23,900 vehicles daily. Near Albany State University and Marine Corps base. Less than 3 hours from Atlanta.Asking price 2.2 million dollars.