This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
6737 Mahan Dr
Tallahassee, FL 32308
Red Roof Inn Tallahassee East · Hospitality Property For Sale
·
28,873 SF
INVESTMENT HIGHLIGHTS
- Ideal Room Count for an Owner-Operator
- 1 Bedroom Managers Apartment - Total sqft. 1,364 +/-
- SBA Financing Available
- Minimal Change of Ownership PIP
- Located in the State Capital of Florida
- Minimal Change of Ownership PIP
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1984/2022 |
| Building Class | B | Tenancy | Single |
| Lot Size | 3.03 AC | Parking Ratio | 2.18/1,000 SF |
| Building Size | 28,873 SF | Corridor | Exterior |
| Zoning | CP - Commercial Parkway | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.03 AC |
| Building Size | 28,873 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2022 |
| Tenancy | Single |
| Parking Ratio | 2.18/1,000 SF |
| Corridor | Exterior |
| Zoning | CP - Commercial Parkway |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ABOUT 6737 MAHAN DR , TALLAHASSEE, FL 32308
Property Highlights: • 59-Room Quality Inn & Suites by Choice Hotels • 1984 Construction | Renovated 2016 • Ideal Room Count for an Owner-Operator • Minimal Change of Ownership PIP • 1 Bedroom Managers Apartment - Total sqft. 1,364 +/- • On-Site Amenities Include an Outdoor Pool, Breakfast Seating Area, Business Center, and High-Speed Internet Location Highlights: • Situated Directly off Interstate 10 • Located in the State Capital of Florida • 8 Miles from Florida Governor’s Mansion • 9 Miles from Florida State University • 11 Miles from Florida A&M University • 8th Largest City in Florida • Located in the Tallahassee Metropolitan Statistical Area Financial Highlights: • Offered at a 3.43x Room Revenue Multiplier(YE 2019) • YE 2019 Gross Revenue of $1,106,920 • YE 2019 NOI of $418,587 • Offered at an 11.31% Cap Rate (YE 2019) • Room for Growth in Occupancy - Currently Ranked 4 of 6 • SBA Financing Available
PROPERTY TAXES
| Parcel Number | 12-18-15-00A-012.0 | Improvements Assessment | $816,598 |
| Land Assessment | $488,225 | Total Assessment | $1,304,823 |
PROPERTY TAXES
