911 E Oglethorpe Blvd | Albany, GA 31705
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- LoopNet Team
911 E Oglethorpe Blvd
Albany, GA 31705
Hotel Rezoned for Multifamily Redevelopment · Hospitality Property For Sale
·
153 Rooms
INVESTMENT HIGHLIGHTS
- The sale includes one four-story operational hotel with an outdoor pool and a vacant restaurant building
- Fully operational hotel features an outdoor pool, 2 elevators, conference room, breakfast buffet, laundry facility for guests, wi-fi, outdoor parking
- Full package of required permits, plans, survey, trend report, Phase 1 report along with the city’s multifamily zoning
- 153 rooms (147 studios at 330 SF and 6 suites at 440 SF)
- Zoned C-3 (Commercial District) with multi-family permitted use already approved
- Versatile property for multifamily real estate investors, including options for apartment rentals, student housing or Holiday Inn
PROPERTY FACTS
| Property Type | Hospitality | No. Rooms | 153 |
| Property Subtype | Hotel | No. Stories | 4 |
| Building Class | C | Year Built/Renovated | 1972/2015 |
| Lot Size | 5.28 AC | Parking Ratio | 2.62/1,000 SF |
| Construction Status | Converted | Corridor | Interior |
| Building Size | 84,031 SF | ||
| Zoning | C-3 - Commercial District with multi-family permitted use already approved | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 5.28 AC |
| Construction Status | Converted |
| Building Size | 84,031 SF |
| No. Rooms | 153 |
| No. Stories | 4 |
| Year Built/Renovated | 1972/2015 |
| Parking Ratio | 2.62/1,000 SF |
| Corridor | Interior |
| Zoning | C-3 - Commercial District with multi-family permitted use already approved |
AMENITIES
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 153 | $68.00 | - |
PROPERTY TAXES
| Parcel Number | 000EE-00043-03D | Improvements Assessment | $298,840 |
| Land Assessment | $161,160 | Total Assessment | $460,000 |
PROPERTY TAXES
Parcel Number
000EE-00043-03D
Land Assessment
$161,160
Improvements Assessment
$298,840
Total Assessment
$460,000
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