85 River Park Dr
Midway, FL 32343
Country Inn & Suites by Radisson · Hospitality Property For Sale
·
53 Rooms
Investment Highlights
- Offered at an 13.85% Cap Rate
- 2005 Construction / Interior Corridor Hotel
- Situated Directly off US-90 & Interstate 10
- Minimal Change of Ownership PIP
- Price Per Key - $69,811 - Ideal Room Count for an Owner-Operator
Property Facts
| Property Type | Hospitality | No. Rooms | 53 |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 2005/2018 |
| Lot Size | 2.08 AC | Parking Ratio | 1.91/1,000 SF |
| Building Size | 28,669 SF | Corridor | Interior |
| Zoning | COM - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.08 AC |
| Building Size | 28,669 SF |
| No. Rooms | 53 |
| No. Stories | 2 |
| Year Built/Renovated | 2005/2018 |
| Parking Ratio | 1.91/1,000 SF |
| Corridor | Interior |
| Zoning | COM - Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
About 85 RIVER PARK DR , MIDWAY, FL 32343
Property Highlights: • 53-Room Country Inn & Suites by Radisson • 2005 Construction / Interior Corridor Hotel • Ideal Room Count for an Owner-Operator • Minimal Change of Ownership PIP • On-Site Amenities Include an Outdoor Pool, Breakfast Seating Area, Fitness Center, Business Center, and High-Speed Internet Location Highlights: • Situated Directly off US-90 & Interstate 10 • 9 Miles from Florida State University • 10 Miles from Florida State Capitol • Located in the Tallahassee Metropolitan Statistical Area Financial Highlights: • Offered at a 3.49x Room Revenue Multiplier • YE 2019 Room Revenue of $1,061,184 • YE 2019 NOI of $512,557 • Offered at an 13.85% Cap Rate • Price Per Key - $69,811 • Room for Growth in ADR - Currently Ranked 6 of 6 • SBA Financing Available
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 10 | $105.00 | - |
| Guest Room | 43 | $95.00 | - |
Property Taxes
| Parcel Number | 4-15-1N-2W-0000-00420-0200 | Improvements Assessment | $2,547,707 |
| Land Assessment | $89,981 | Total Assessment | $2,637,688 |
Property Taxes
