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316 Main St Statesboro, GA 30458

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For Sale
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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

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Listing Contact
PIYUSHA ZOPE
PIYUSHA ZOPE

Listing Agency: Virtual Properties Realty Listing Agent: PIYUSHA ZOPE

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

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Property Insight Report

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

Suggested Use

Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

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.
(404) 542-9391 Call to check price and availability
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