3340 W US Highway 90
Lake City, FL 32055
Motel 6 Lake City, FL – Medical Center · Hospitality Property For Sale
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35,264 SF
Investment Highlights
- 64-Room Howard Johnson by Wyndham
- deal Room Count for an Owner-Operator
- Offered at $42,187 Per Key
- Minimal Change of Ownership PIP
- Room for Growth in RevPAR - Currently Ranked 3 of 6
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1964/2025 |
| Building Class | C | Parking Ratio | 2.04/1,000 SF |
| Lot Size | 1.61 AC | Corridor | Exterior |
| Building Size | 35,264 SF | ||
| Zoning | CHI | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.61 AC |
| Building Size | 35,264 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2025 |
| Parking Ratio | 2.04/1,000 SF |
| Corridor | Exterior |
| Zoning | CHI |
Amenities
- High Speed Internet Access
- Public Access Wifi
About 3340 W US HIGHWAY 90 , LAKE CITY, FL 32055
Property Highlights: • 64-Room Howard Johnson by Wyndham • Comprised of 40 Interior Corridor Rooms and 24 Exterior Corridor Rooms • Minimal Change of Ownership PIP • Significant Upside Due to Recent Renovation • Ideal Room Count for an Owner-Operator • 2 Apartments Located On-Site - in addition to the 64-rooms Location Highlights: • Situated Directly Off of Interstate 75 Near Interstate 10 • High Visibility from I-75 • 45 Miles from Gainesville, FL • 60 Miles from Jacksonville, FL • 100 Miles from Tallahassee Financial Highlights: • Year 1 Projected Revenue - $805,102 • Year 1 Projected Room Revenue Multiplier - 3.35x • 2021 YTD-July 8 Room Revenue - $407,180 • Offered at $42,187 Per Key • Significant Upside in Increasing Occupancy • Room for Growth in RevPAR - Currently Ranked 3 of 6 • 2018 Room Revenue - $840,618 • 2018 YTD-July 8 Room Revenue - $456,984 • 2021 YTD-July 8 Room Revenue - $407,180
Property Taxes
| Parcel Number | 35-3S-16-02564-001 | Improvements Assessment | $677,186 |
| Land Assessment | $702,670 | Total Assessment | $1,379,856 |
Property Taxes
