$2,480,000

1535 Montgomery Highway , Hoover, AL 35216

 
Bedrooms:0 beds
Bathrooms:0 baths
Commercial Sale:0 sqft
Lot:1.71
Year Built:1965
Listing Status:Active

Listing Agent

Jerry Sager
http://kellerwilliamshoover.com
Loan Amount:
Interest:
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Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

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.

Detailed Items

Other Information

1535 Montgomery Highway, Hoover, AL, 35216 is a commercial sale listing of 0 sqft on a lot of 1.71. This commercial sale listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property1535 Montgomery Highway, Hoover, AL
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