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- LoopNet Team
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
Listing ID: 20057905
Date on Market: 6/26/2020
Last Updated:
Address: 85 River Park Dr, Midway, FL 32343
The Hospitality Property at 85 River Park Dr, Midway, FL 32343 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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