Sonesta Essential Augusta 3037 Washington Rd 57 Room Hotel Augusta, GA 30907 $3,800,000 ($66,667/Room) 12.24% Cap Rate
INVESTMENT HIGHLIGHTS
- Busy Corridor, Near lots of Restaurants, Bars, Shopping.
- Just minutes away from Fort Gordon, Medical Hospitals, Airport, Augusta Downtown, River Walk, Plant Vogle
- Interior corridor, Newly Renovated
EXECUTIVE SUMMARY
Prime investment property. Located in Augusta, GA on busy Washington Rd Exit off a I-20. This 58 Room Hotel newly renovated converted to Sonesta Brand. Will be great addition to any portfolio or will be suitable for Owner Operator. This Hotel has great potential with right operation.
PROPERTY FACTS
| Price | $3,800,000 |
| Price Per Room | $66,667 |
| Sale Type | Investment |
| Cap Rate | 12.24% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.96 AC |
| Building Size | 28,467 SF |
| No. Rooms | 57 |
| No. Stories | 3 |
| Year Built/Renovated | 1999/2020 |
| Tenancy | Single |
| Parking Ratio | 2.11/1,000 SF |
| Corridor | Interior |
| Zoning | B-2 - hotel |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 4 | $83.00 | - |
| Guest Room | 53 | $69.00 | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $607,962 | |
| Land Assessment | $161,660 | Total Assessment | $769,622 |
CONTACT
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Vishal Patel - Vishal Development Inc
