Operational Motel with Ample
2240 Gray Hwy Macon, GA 31211
2240 Gray Hwy, Macon, GA, 31211
Contact for pricing
For Sale
Contact for pricing
Fully operational 17-unit motel with ample parking for sale.
Property Size7,500 SF
Lot Size10.00 Acres
Price / SF$146.67
Days on Market164
Property Features for 2240 Gray Hwy
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Lot size
- 10.00 Acres
- Property subtype
- Hospitality
Building Details
- Year Built
- 1952
Listing Agency
Fickling & Company
(478) 803-4134
Listed by
Joseph Bowen · License #GA 430156
Source
Crexi
Added: Feb 6 Updated: Jul 6 at 12:13 pm Checked: Jul 17 at 7:24 am
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 Fickling & Company
Investment Insights
Based on property information with market context.
This is a fully operational motel and extended stay property featuring 17 units. The property includes ample parking, with approximately 40 spaces. Situated on over 10 acres of land, the motel building encompasses nearly 8,000 square feet. A new roof was installed in late 2023. The property is located on Gray Highway in Macon-Bibb County, offering convenient access to various amenities. It is situated just over two miles from Historic Downtown Macon, with its attractions and amenities. The location also provides easy access to public transportation and is approximately 2.5 miles from both I-16 and I-75. The property is consistently occupied, with very little vacancy.
Key Highlights
- Fully operational 17‑unit motel/extended stay with very little vacancy
- Ample parking with 40± spots
- Over 10 acres of land included
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.0k | $18.00 |
| − Vacancy | −$20.3k | −$2.70 |
| EGI | $114.8k | $15.30 |
| − OpEx | −$60.2k | −$8.03 |
| NOI | $54.5k | $7.27 |
7,500 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$778.7K
$681.3K – $908.4K
NOI $54,506 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.43M
$1.26M – $1.67M
NOI $100,440 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Courtesy Court Motel ...
Homestay
Similar For Sale Nearby
Similar Off Market Nearby
- Skyline Motel & Restaurant — 2594 Old Gray Hwy, Macon, GA 31211
- Courtesy Court Motel Home — 2240 Gray Hwy, Macon, GA 31211
FAQs
What type of property is this?
Motel - Fully operational 17-unit motel with ample parking for sale.
Where is this motel located?
The property is located at 2240 Gray Hwy Macon, GA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fully operational 17‑unit motel/extended stay with very little vacancy; Ample parking with 40± spots; Over 10 acres of land included
