Property summary
This 121-key Wingate by Wyndham hotel in Valdosta, Georgia, presents a compelling investment opportunity. Built in 1987 and situated directly off Interstate-75, this two and three-story, interior-corridor, courtyard-style hotel benefits from high visibility and convenient access for both tourists and business travelers. Its proximity to Moody Air Force Base further enhances its appeal. The property boasts strong historical revenue performance, exceeding $2.65 million in the twelve months ending August 2023. Recent renovations exceeding $500,000 have significantly upgraded the hotel's appearance, including improvements to flooring, window treatments, and televisions. The hotel's location on I-75, with an Average Annual Daily Traffic (AADT) of approximately 53,600 vehicles, ensures consistent exposure to potential guests. The property is zoned for commercial hotels/motels and features one building on a parcel with APN 0083B-011. This established hotel in a growing market offers investors a chance to acquire a profitable asset with significant upside potential. The asking price is $10,000,000.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel
Location
Value estimations
Owner & transaction history
Zoning & alternative use
ions 2 Chapter 202 - Land Use and Zoning General Provisions September 6, 2012 R-P Residential Professional District O-P Office Professional District C-N Neighborhood Commercial District C-C Community Commercial District…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-H · Valdosta, GAions 2 Chapter 202 - Land Use and Zoning General Provisions September 6, 2012 R-P Residential Professional District O-P Office Professional District C-N Neighborhood Commercial District C-C Community Commercial District…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
ions 2 Chapter 202 - Land Use and Zoning General Provisions September 6, 2012 R-P Residential Professional District O-P Office Professional District C-N Neighborhood Commercial District C-C Community Commercial District…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-H in Valdosta, GA.
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