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- LoopNet Team
1593 Main St
Chipley, FL 32428
Red Roof Inn Chipley · Hospitality Property For Sale
·
12,880 SF
INVESTMENT HIGHLIGHTS
- Hotel has very high NOI & there is expansion space available 3.48 acre land located in opportunity Zone!
- Upside Potential with adjacent detached restaurant building for additional income!!!
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 12,880 SF |
| Property Subtype | No. Stories | 2 | |
| Building Class | C | Year Built/Renovated | 1987/2019 |
| Lot Size | 3.48 AC | Corridor | Exterior |
| Zoning | C - Commercial zoning | ||
| Property Type | Hospitality |
| Property Subtype | |
| Building Class | C |
| Lot Size | 3.48 AC |
| Building Size | 12,880 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1987/2019 |
| Corridor | Exterior |
| Zoning | C - Commercial zoning |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ABOUT 1593 MAIN ST , CHIPLEY, FL 32428
Great opportunity to own 32 unit Red Roof Inn with additional detached restaurant building spread on almost 3.5 acres of land. The subject converted from Executive Inn to Red Roof Inn in 2016/2017 & upgrade in 2018. just finished newly exterior paint. A manager's apartment is adjacent to the lobby. Bonus upside for additional income with restaurant lease for great value-add, generating $1500-$1800/month. It's perfect for a small family operation. The hotel has a good excess of from interstate 10 with frontage on the main street. Chipley, Washington County is located in the hill & lake country of Northwest Florida and is home to some of the most beautiful & unique landmarks of Florida. Among these is Falling water state park, home to the tallest swamp off Road Park, Seacrest Wolf Preserve, hard labor Creek off Park such as Numerous community parks such as activities including fishing, hiking, swimming, water-skiing road, Hunting, bird watching, snorkeling, and scuba diving, all may be enjoyed close to the hotel.
PROPERTY TAXES
| Parcel Number | 00000000-00-2325-0006 | Improvements Assessment | $801,048 |
| Land Assessment | $273,000 | Total Assessment | $1,074,048 |
PROPERTY TAXES
