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- LoopNet Team
7019 Commonwealth Ave
Jacksonville, FL 32220
Comfort Inn & Suites West Jacksonville · Hospitality Property For Sale
·
37,788 SF
INVESTMENT HIGHLIGHTS
- 64-Room Comfort Suites by Choice Hotels
- Situated Directly Off of Interstate 295 - Ideal Mix of Both Leisure and Corporate Business
- Opportunity for Significant Cash Flow due to $30k+ Revenue Per Room
- Significant Renovations Completed from 2017-2019
- Healthy RevPAR of $83.00 - YE 2019
- YE 2019 NOI of $637,970 - Offered at an 9.52% Cap Rate
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 2007 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.00 AC | Corridor | Interior |
| Building Size | 37,788 SF | ||
| Zoning | CCG-1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.00 AC |
| Building Size | 37,788 SF |
| No. Stories | 4 |
| Year Built | 2007 |
| Tenancy | Single |
| Corridor | Interior |
| Zoning | CCG-1 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ABOUT 7019 COMMONWEALTH AVE , JACKSONVILLE, FL 32220
Property Highlights: • 64-Room Comfort Suites by Choice Hotels • Close Proximity to Multiple Diverse Demand Generators • Significant Renovations Completed from 2017-2019 • Located in Jacksonville, FL - the Most Populous City in Florida • On-Site Amenities Include an Outdoor Pool, Breakfast Seating Area, Guest Laundry, Meeting Space, and High-Speed Internet • Ideal Room Count for an Owner-Operator Location Highlights: • Situated Directly Off of Interstate 295 • 5 Miles from Prime F. Osborn III Convention Center • 8 Miles from Downtown Jacksonville and TIAA Bank Field • 10 Miles from Times Union Center for Performing Arts and the Riverwalk • 15 Miles from Jacksonville International Airport • 30 Miles from Jacksonville Beach • Ideal Mix of Both Leisure and Corporate Business Financial Highlights: • Healthy RevPAR of $83.00 - YE 2019 • Offered at a 3.46x Room Revenue Multiplier • Opportunity for Significant Cash Flow due to $30k+ Revenue Per Room • YE 2019 Room Revenue of $1,938,871 • YE 2019 NOI of $637,970 • Offered at an 9.52% Cap Rate
PROPERTY TAXES
| Parcel Number | 004943-1010 | Improvements Assessment | $3,901,386 |
| Land Assessment | $1,691,514 | Total Assessment | $5,592,900 |
PROPERTY TAXES
