316 Main St Statesboro, GA 30458
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Profitable Hotel Near University, Recently Renovated
Property Features for 316 Main St
General Information
- Property type
- Hotels
- Lot Size
- 57,935 SF
Building Details
- Year Built
- 1991
- Buildings
- 1
Listing Agency: Virtual Properties Realty Listing Agent: PIYUSHA ZOPE
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 65-room hotel, located at 316 South Main Street in Statesboro, Georgia, presents a lucrative investment opportunity. Built in 1991 and situated on a 1.33-acre lot, the property has undergone recent renovations, including a brand-new roof boasting a 15-year warranty. Fifteen guest rooms have been upgraded to feature standing showers. The hotel's room configuration includes 10 suites and 2 rooms designated for housekeeping staff. Its prime location, just three miles from Statesboro University, ensures consistent demand. The property currently generates a gross annual revenue of $870,000, with an average daily rate (ADR) of $65 and an occupancy rate consistently ranging from 60% to 65%. The asking price is $4,000,000, and the seller is open to negotiations. Pre-approved private financing options are available. The hotel is currently operational and staffed, and viewings are strictly by appointment only. This turnkey operation offers a strong return on investment in a thriving market. The property is classified as both retail and hospitality, operating as a hotel and business.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Red Roof Inn ...
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Statesboro
- County
- Bulloch - GA
- State
- Georgia
- Longitude
- -81.78369
- Latitude
- 32.4412052
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FAQs
What type of property is this?
Hotel - Profitable Hotel Near University, Recently Renovated
Where is this hotel located?
The property is located at 316 Main St Statesboro, GA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 65-room hotel in Statesboro, GA, on a 1.33-acre lot.; Recently renovated with a new roof (15-year warranty) and 15 upgraded rooms with standing showers.; Includes 10 suites and 2 staff rooms.
