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    316 Main St Statesboro, GA 30458

    Sponsored
    For Sale
    $4,000,000

    Profitable Hotel Near University, Recently Renovated

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 316 Main St

    General Information

    Property type
    Hotels
    Lot Size
    57,935 SF

    Building Details

    Year Built
    1991
    Buildings
    1

    HighLights

    • 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.
    • Prime location, 3 miles from Statesboro University, generating $870,000 gross annual revenue.
    • $4,000,000 asking price, seller financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Red Roof Inn ... Hotel

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    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.
    Request Owner's contact information
    316 Main St Statesboro, GA 30458
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    Statesboro, GA 30458
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    316 Main St Statesboro, GA 30458
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