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For sale
Hotels
AL
Hoover
35216
1535 Montgomery Hwy

EconoLodge Hotel with Retail Income

1535 Montgomery Hwy, Hoover, AL 35216

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For Sale

$2,350,000

Fee-simple 32-key hotel with manager suite and two leased retail spaces on a corner parcel off major corridors.

Type:Motel

Lot size:

1.60 Acres

HighLights

Fee‑simple interest in a 32‑unit EconoLodge by Choice (33 years) hotel, plus a 3‑unit manager suite and two retail spaces.
1.6‑acre corner parcel with high visibility off U.S. Hwy 31 and direct access to I‑65 (Exit 252).
Hotel demand drivers nearby include Riverchase Galleria (2.7 miles) and UAB Hospital (9 miles).
Two long‑term retail tenants: Wings R King and Barristers Tavern, with combined rent approx. $92,400/year.
Retail portion value estimated at approx. $1.1 million (assumes $10,000 of expenses allocated to retail and a 7% cap rate).
Stated pricing context: investors get the hotel at $1.25 million, or about $39,063 per key.

We can help!

Listing Contact

Tom French

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For Sale

$2,350,000

Fee-simple 32-key hotel with manager suite and two leased retail spaces on a corner parcel off major corridors.

Type:Motel

Lot size:

1.60 Acres

Added:: Jun 11, 2026
Days on Market:: 5
Last Refresh:: Jun 13 at 2:34 am

Property Features for 1535 Montgomery Hwy

General Information

Standard status: Active
Lot size: 1.60 Acres
Property subtype: Motel

Building Details

Year Built: 1965

We can help!

Listing Contact

Tom French

Listing agent Tom French License #GA 367536

Listing office Bull Realty

Listing date Jun 11, 2026

Source Thebrokerlist

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Bull Realty

HighLights

Fee‑simple interest in a 32‑unit EconoLodge by Choice (33 years) hotel, plus a 3‑unit manager suite and two retail spaces.
1.6‑acre corner parcel with high visibility off U.S. Hwy 31 and direct access to I‑65 (Exit 252).
Hotel demand drivers nearby include Riverchase Galleria (2.7 miles) and UAB Hospital (9 miles).
Two long‑term retail tenants: Wings R King and Barristers Tavern, with combined rent approx. $92,400/year.
Retail portion value estimated at approx. $1.1 million (assumes $10,000 of expenses allocated to retail and a 7% cap rate).
Stated pricing context: investors get the hotel at $1.25 million, or about $39,063 per key.

Overview

The offering includes the fee simple interest in a 32-unit EconoLodge by Choice, along with a 3-unit manager suite and two retail spaces on a 1.6-acre corner parcel. The property includes income-producing long-term retail tenants, Wings R King and Barristers Tavern, with retail cash flow described in the remarks as approximately $92,400 per year.

Located in Hoover, an affluent suburb of Birmingham, Alabama, the property has high visibility off U.S. Hwy 31 and direct access to I-65 (Exit 252). The remarks cite the corridor as traveling approximately 37,000 vehicles daily. The hotel is described as being near Riverchase Galleria (2.7 miles) and UAB Hospital (9 miles), with national retailers including CVS, Walmart, Publix, and Aldi in the surrounding area.

This structure can fit an operator seeking a hospitality asset with an on-site manager suite, plus leased retail space that may support additional income. The remarks also describe the opportunity as value-add, with the retail portion estimated by applying $10,000 of allocated expenses at a 7% cap rate, resulting in an approximate retail value of $1.1 million.

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Local Demand

City: Hoover
County: Jefferson
State: Alabama
Longitude: -86.8053407
Latitude: 33.4103016

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For sale
Hotels
AL
Hoover
35216
1535 Montgomery Hwy

What type of property is this?

Hotel - Fee-simple 32-key hotel with manager suite and two leased retail spaces on a corner parcel off major corridors.

Where is this hotel located?

The property is located at 1535 Montgomery Hwy Hoover, AL.

What is the asking price?

The asking price for this property is $2,350,000.

What are key features of this property?

This property features: Fee‑simple interest in a 32‑unit EconoLodge by Choice (33 years) hotel, plus a 3‑unit manager suite and two retail spaces.; 1.6‑acre corner parcel with high visibility off U.S. Hwy 31 and direct access to I‑65 (Exit 252).; Hotel demand drivers nearby include Riverchase Galleria (2.7 miles) and UAB Hospital (9 miles).