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- LoopNet Team
316 S Main St
Statesboro, GA 30458
Red Roof Inn - Opportunity Zone · Hospitality Property For Sale
·
33,403 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1991/2018 |
| Building Class | C | Parking Ratio | 1.59/1,000 SF |
| Lot Size | 1.33 AC | Corridor | Exterior |
| Building Size | 33,403 SF | ||
| Zoning | HOC | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.33 AC |
| Building Size | 33,403 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1991/2018 |
| Parking Ratio | 1.59/1,000 SF |
| Corridor | Exterior |
| Zoning | HOC |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ABOUT 316 S MAIN ST , STATESBORO, GA 30458
Red Roof Inn located in historic Statesboro, GA in an Opportunity Zone. The hotel is 2 stories, exterior corridor, with 59 rooms. PIP and renovation completed in 2018 & 2019 with minimal pip for new buyer. Buyer has option to keep or change the brand. Priced below replacement cost at $1,900,000, $32,200 per room. 2019 revenue reached $526,000. Franchise agreement initiated June 2016 for 10 years, with 5 year window. Manager apartment with 2 bedrooms and 2 bathrooms. Growing community with 35,000+ residents and new developments planned for the area. Bank is ready to finance the hotel.
PROPERTY TAXES
| Parcel Number | S30-000025-000 | Improvements Assessment | $1,149,080 |
| Land Assessment | $187,080 | Total Assessment | $1,336,160 |
PROPERTY TAXES
