422 W Oglethorpe Blvd | Albany, GA 31701
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- LoopNet Team
422 W Oglethorpe Blvd
Albany, GA 31701
Albany Inn · Hospitality Property For Sale
·
37,202 SF
INVESTMENT HIGHLIGHTS
- Property has achieved 488k in Revenue as of September 21st, 2021 and is on track to produce 600k in total room revenue in 2021.
- Excellent entry level hotel for a new operator looking to break into the hospitality industry on a safe cash flowing asset.
- The property can be converted to 90 rooms through the conversion of the on-site manager’s apartment, owner’s suite, and storage rooms.
- In 2020, the property has produced a gross revenue of 486,852 dollars outperforming pre-pandemic gross revenues.
- Owner has built a 3,500 SF owner's suite within the property.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1960/2016 |
| Building Class | C | Parking Ratio | 1.75/1,000 SF |
| Lot Size | 1.47 AC | Corridor | Exterior |
| Building Size | 37,202 SF | ||
| Zoning | C3 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.47 AC |
| Building Size | 37,202 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2016 |
| Parking Ratio | 1.75/1,000 SF |
| Corridor | Exterior |
| Zoning | C3 |
AMENITIES
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
PROPERTY TAXES
| Parcel Number | 0000B-00004-002 | Improvements Assessment | $417,960 |
| Land Assessment | $48,560 | Total Assessment | $466,520 |
PROPERTY TAXES
Parcel Number
0000B-00004-002
Land Assessment
$48,560
Improvements Assessment
$417,960
Total Assessment
$466,520
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