$2,480,000
Est. payment /mo
19,940 SqFt
Price Dropped by $620K
1535 MONTGOMERY HIGHWAY Hoover, AL 35216
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UPDATED:
12/17/2024 01:53 PM
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 19,940 sqft
Price per Sqft $124
MLS Listing ID 21403763
Year Built 1965
Lot Size 1.710 Acres
Property Description
Perfect location for a hotel – HIGH visibility on the corner of I-65 and Highway 31 in Hoover. This is a 34 room 2 story motel with 9 interior rooms and 25 exterior rooms. 10 rooms are double beds, 22 are king beds and 2 are full sized beds. The motel is currently operating and tend to sell out on Friday and Saturday nights. There are two restaurants on site that lease from the current motel owners. Current owners have put refrigerators and microwaves in every room, replaced all mattresses and bedding, repainted and put in new flooring as well as new fire sprinklers and smoke alarms - $100,000 into capital improvements. Current owners do have an agreement with Econo Lodge but this can be revoked if new owners chooses to run under a different platform. LOCATION, LOCATION, LOCATION!! This could also be the perfect location for a Medical Office Building, Business Office, or start with a clean slate and build a brand new building. The possibilities are endless.
Location
State AL
County Jefferson
Area Libertypark, Vestavia
Interior
Cooling Ceiling Fans, Central-Gas, Other, Window Units
Flooring Tile/Vinyl, Wall-to-Wall Carpet
Exterior
Parking Features 11+
Building
Sewer Connected
Water Public Water
Others
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/bham/21403763
Listed by Keller Williams Realty Hoover