316 S Main ST Active Save Request In-Person Tour Request Virtual Tour
Statesboro,GA 30458
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7461737
Year Built 1991
Annual Tax Amount $30,000
Tax Year 2023
Lot Size 1.330 Acres
Property Sub-Type Business
Property Description
The Red Roof Inn, conveniently located just 3 miles away from the esteemed Statesboro University, has undergone an impressive transformation with recent renovations that enhance both its aesthetic appeal and functionality. Guests will appreciate the brand-new roof, which comes with a robust 15-year warranty, ensuring peace of mind for years to come. Among its 65 well-appointed rooms, 10 luxurious suites provide an elevated experience, while 2 rooms have been specially designated for housekeeping purposes. This property generates a remarkable $870,000 in gross annual revenue, showcasing its strong performance in the hospitality sector. With a competitive Average Daily Rate (ADR) of $65, the inn enjoys a stable occupancy rate ranging from 60% to 65%, making it an attractive investment opportunity. Interested investors and potential buyers are encouraged to reach out to the listing agent for further details. The asking price is flexible, and arrangements for private loans have already been pre-approved, easing the path to ownership. Viewings of this vibrant business are offered by appointment only, and it is important to note that the property is currently staffed by dedicated employees who ensure it runs smoothly.
Location
State GA
County Bulloch
Zoning HOC
Rooms
Other Rooms None
Interior
Heating Forced Air
Cooling Ceiling Fan(s),Other
Flooring Carpet,Tile,Vinyl,Other
Exterior
Parking Features Parking Lot
Fence None
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available
Waterfront Description None
View Other
Roof Type Metal
Building
Lot Description Business Park
Story Two
Foundation Block
Structure Type Aluminum Siding
New Construction No
Others
Acceptable Financing Other
Listing Terms Other
Special Listing Condition None