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- LoopNet Team
3096 N Monroe St
Tallahassee, FL 32303
Country Inn & Suites by Radisson Tallahassee · Hospitality Property For Sale
·
39,265 SF
INVESTMENT HIGHLIGHTS
- 65-Room Country Inn & Suites by Radisson
- Offered at an 10.32% Cap Rate (YE 2019)
- Located in the State Capital of Florida
- 2008 Construction | Interior Corridor Hotel | 4 Floors
- SBA Financing Available
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 2008 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.48 AC | Parking Ratio | 1.56/1,000 SF |
| Building Size | 39,265 SF | Corridor | Interior |
| Zoning | CP | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.48 AC |
| Building Size | 39,265 SF |
| No. Stories | 4 |
| Year Built | 2008 |
| Tenancy | Single |
| Parking Ratio | 1.56/1,000 SF |
| Corridor | Interior |
| Zoning | CP |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ABOUT 3096 N MONROE ST , TALLAHASSEE, FL 32303
Property Highlights: 65-Room Country Inn & Suites by Radisson 2008 Construction | Interior Corridor Hotel | 4 Floors Ideal Room Count for an Owner-Operator Minimal Change of Ownership PIP On-Site Amenities Include an Meeting Facilities, Outdoor Pool, Breakfast Seating Area, Fitness Center, Business Center, and High-Speed Internet Location Highlights: Situated Directly off Interstate 10 Located in the State Capital of Florida 3 Miles from Florida Governor’s Mansion 4 Miles from Florida State University 4 Miles from Florida A&M University 8th Largest City in Florida Located in the Tallahassee Metropolitan Statistical Area Financial Highlights: Offered at a 3.66x Room Revenue Multiplier (YE 2019) YE 2019 Room Revenue of $1,842,565 YE 2019 NOI of $696,821 Offered at an 10.32% Cap Rate (YE 2019) Room for Growth in ADR - Currently Ranked 4 of 6 SBA Financing Available
PROPERTY TAXES
| Parcel Number | 21-15-20-423-000.0 | Improvements Assessment | $2,726,792 |
| Land Assessment | $719,875 | Total Assessment | $3,446,667 |
PROPERTY TAXES
