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- LoopNet Team
285 SW Commerce Blvd
Lake City, FL 32025
Quality Inn Lake City · Hospitality Property For Sale
·
25,843 SF
INVESTMENT HIGHLIGHTS
- 55-Room Quality Inn by Choice Hotels
- $450,000+/- in Recent Renovations - Minimal Change of Ownership PIP
- 2019 Room Revenue of $1,156,734
- Three Story, Interior Corridor, Limited Service Hotel
- Situated Directly off of Interstate 75 in Lake City, Florida
- Offered at a 10.18% Cap Rate
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1999/2019 |
| Building Class | B | Parking Ratio | 1.16/1,000 SF |
| Lot Size | 2.90 AC | Corridor | Interior |
| Building Size | 25,843 SF | ||
| Zoning | CI - Commercial General | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.90 AC |
| Building Size | 25,843 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1999/2019 |
| Parking Ratio | 1.16/1,000 SF |
| Corridor | Interior |
| Zoning | CI - Commercial General |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ABOUT 285 SW COMMERCE BLVD , LAKE CITY, FL 32025
Property Highlights: • 55-Room Quality Inn by Choice Hotels • $450,000 +/- in Recent Renovations • Three-Story, Interior-Corridor, Limited-Service Hotel • Minimal Change of Ownership PIP • On-Site Amenities Include an Outdoor Pool, Breakfast Seating Area, Fitness Center, and High-Speed Internet • Ideal Room Count for an Owner-Operator Location Highlights: • Situated Directly Off of Interstate 75 • Located Near Multiple Diverse Demand Generators • Lake City is known as the “Gateway” to Florida • 40 Minutes from Gainesville, FL • 60 Minutes from Jacksonville, FL • 90 Minutes from Tallahassee, FL Financial Highlights: • 2019 Room Revenue of $1,156,734 • 2019 NOI of $427,585 • Offered at a 10.18% Cap Rate • Offered at $76,363 Per Key • $21,031 Revenue Per Room
PROPERTY TAXES
| Parcel Number | 35-3S-16-02563-003 | Improvements Assessment | $1,170,177 |
| Land Assessment | $647,410 | Total Assessment | $1,817,587 |
PROPERTY TAXES
