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1503 E 1st St
Vidalia, GA 30474
Motel Property with Lease Purchase Available! · Hospitality Property For Sale
·
36,879 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1976 |
| Building Class | C | Parking Ratio | 0.89/1,000 SF |
| Lot Size | 2.81 AC | Corridor | Exterior |
| Building Size | 36,879 SF | ||
| Zoning | C3 - commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.81 AC |
| Building Size | 36,879 SF |
| No. Stories | 2 |
| Year Built | 1976 |
| Parking Ratio | 0.89/1,000 SF |
| Corridor | Exterior |
| Zoning | C3 - commercial |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ABOUT 1503 E 1ST ST , VIDALIA, GA 30474
Property Highlights: 2020 Revenue: $344,360 2020 Net Profit: $187,590 2020 Cap Rate at 10.5%! Current Rentable Rooms: 70 Current Occupancy Rate: 40% Current ADR: $40 Current numbers are higher than 2020 numbers! Property includes a 3-bedroom apartment! Approved for either conversion to Travelodge or OYO if you wish to go the franchise route. Brand new hardwood floors in 30 rooms! Electrical & Plumbing Completely Renovated! 2 new roofs and AC units were installed in 2020! Restaurants within walking distance for hotel customers! 2 miles from Vidalia Regional Airport! Perfect location for visitors of the annual Vidalia Onion Festival! 4 mins from Vidalia Onion Museum, Art & History Museum and Theatre. 4 miles from Two Golf Clubs. Walking Distance to a Medical Center and the City Park. Asking Price with Property is $1.79M! Seller is willing to Lease Purchase with 20% down payment for a qualified Buyer! If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com
PROPERTY TAXES
| Parcel Number | V3100901 | Improvements Assessment | $208,319 |
| Land Assessment | $168,600 | Total Assessment | $376,919 |
PROPERTY TAXES
